Tariceanu: I have no intention, I am not going to, nor will I intend to break the coalition

I have seen rumors that have spread to the left, right, with a fantastic rapidity, and they were sure, but not only at the journalistic level we have heard this rumor that has circulated in the last few days, the break-up of the coalition, Tariceanu – prime minister of a government based on a majority with the PNL, USR, and so on. I will tell you from the beginning, to make things clear: (…) I did not intend, I am not going to, nor will I intend to break the coalition. And my colleague, the PSD president, Mr. Dragnea, shares the same thing, „Calin Popescu-Tariceanu told Antena 3, questioned about the possibility of breaking the PSD-ALDE coalition.

Source: Agerpres

Cernavodă’s Unit 1 to be shut down for two years

Cernavodă’s Unit 1 will be shut down as of 2026 for upgrading works that will last two years. The revamping works will though extend the reactor’s service life for another 30 years. „As of 2026, Cernavodă’s Unit 1 will halt for the works. Until then, we are making all necessary preparations. We’ll conduct a feasibility study that will end in 2021 and after that we’ll proceed with buying the necessary equipment, as it must be ordered 3-4-5 years in advance,” said Romeo Urjan, the head of the Technical Service at Nuclearelectrica.

Source: Romania Journal, Agerpres

Oil industry: Too many regulatory institutions, too much state intervention, should be more „Laissez-faire”. Romania may become the largest gas producer in the EU

„The role of the state is to legislate and to regulate. But there are many regulatory agencies. In addition, the Ministry of Energy, the Ministry of Finance, the Ministry of Finance, and not all these institutions are coordinating, „said Catalin Niţă, Executive Director of the FPPG. In his view, it is not the role of the state to make investments, especially with regard to the Black Sea natural gas fields, because the state does not have the necessary capacity, resources and people. „We have to change our optics. We live in a market economy, including the gas market, „says Niţă.

Source: Profit

Growing results for OMV Petrom at nine months – analysts

OMV Petrom (SNP) will report improved financial results for the first nine months of the year, analysts say, as oil prices have risen to an upward trend internationally since the beginning of the year. After the first nine months, both the Brent and West Texas Intermediate (WTI) quotations climbed by over 20%. It is an evolution that fueled the rise in the price of SNP this year, the titles rising recently to a maximum of 0.3955 lei / unit, a level that the issuer’s quotation has not reached since May 2015, according to Bursa newspaper.

Source: Energynomics