Government releases the AGRI project from the naftaline in the context of increased deliveries of LNG to Europe

The romanian officials said in Azerbaijan that the Azerbaijan – Georgia – Romania Interconnector (AGRI) project remains important for Romania and that the feasibility study has been finalized showing that it is cost-effective. „The AGRI project is a unique initiative in the Black Sea region, both for the energy security component, diversification of sources and routes, and through the regional cooperation component, which is a common goal of the Energy Union. For these reasons, AGRI remains an important project for Romania and the European Union. On a larger scale, AGRI shows the contribution that liquefied natural gas (LNG) can bring to the EU’s energy security, in line with the EU strategy for LNG and gas reserves, „Tudorache said, quoted by the Azerbaijani press.

Source: E-nergia

FP Americans demand in court 300,000 lei from every man in the leadership from Hidroelectrica. The reasons are surprising

The Proprietatea Fund has sued, by individual, all members of the Supervisory Board and even three members of the board, including General Director Bogdan Badea. and demands each damage of 300,000 lei. The Americans say that Hidroelectrica, to which they are the second shareholder, after the Romanian state, was harmed by the fact that the company hired and added to the sums granted to its main contractor for repair, Hidroserv.

Source: Economica

Rompetrol Rafinare is outperforming mid-year net income due to financial result, although net business grew by 48% and Petromidia refinery has operated at 98% of its capacity

Rompetrol Rafinare Constanta achieved a gross turnover of RON 9.10 billion in the first half of this year, up 45.13% compared to 6.27 billion lei in the same period of the previous year, but the company reported loss.

Source: Profit, Ziarul Financiar

Capital City Hall allocates more than 1 billion lei from the budget to cover the debts and investments of ELCEN by the Municipal Energy Company

Bucharest City Hall will raise by about 1.26 billion lei the share capital of the Bucharest Municipal Energy Company (CMEB), which it controls, according to a draft decision on the agenda of the August 23 meeting of the General Council of the Municipality of Bucharest (CGMB).

Source: Profit