OMV Petrom, net profit of 2.67 billion lei, up 44%, at nine months

The OMV Petrom Group reported a net profit of 2.67 billion lei in the first nine months of this year, up 44% compared to the similar period of 2017 when it was 1.85 billion lei. According to the consolidated interim consolidated financial results for the period ended September 30, 2018, the net profit for the third quarter amounted to 1.38 billion lei, 116% higher than in Q3 2017, 639 million of lei.

Source: Agerpres, Profit, Adevarul, Digi 24, News.ro, Economica

Stab (Engie): Petrom and Romgaz limit the amount of gas in the market and we have to import more expensive

The two Romanian gas producers, Petrom and Romgaz, have limited the quantity of gas delivered to the market, so the price has increased and the suppliers have to import more gas from Russia, which is even more expensive, the general manager said on Tuesday of Engie Romania, Eric Stab. He explained that all this will be reflected in the bills paid by the final consumers, which will have to be increased by the Regulatory Authority (ANRE).

Source: Agerpres, Digi 24, Economica

Niculae Havrileţ, Counselor Ministry of Energy: Romania aims for 2030 to achieve a renewable energy target of 32% of consumption, compared to 24% at present

Romania’s renewable energy target for 2030 is 32% of consumption, compared to 24% today, said Niculae Havrileţ, advisor to the Minister of Energy, according to Agerpres. He said that the price of renewable energy equipment is decreasing and thus the consumer bill will be lower.

Source: Hotnews

Simple motion against Justice minister fails

The plenary session of the Chamber of Deputies has rejected the simple motion against Justice minister on Wednesday. Entitled “The Justice minister, an F minister” has been initiated by PNL and USR and asked for Tudorel Toader’s resignation.The deputies rejected the motion by 171 votes to 99 and 5 abstentions. Seven MPs did not vote at all.The text of the motion said that Minister Toader is to blame for the fact that the Cooperation and Verification Mechanism is becoming more and more distant goal for Romanians.

Source: Romania Journal