about us | newsletter | contact | archive | members area
PIOTR HAJEWSKI, FUEL TECH
Fuel Tech is experiencing accelerated growth as it benefits from ever-tightening global »
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Romgaz business up 1.5 per cent while profit down by 17 per cent in 2013

The largest natural gas producer in Romania Romgaz Medias announced it achieved a turnover of EUR 881.2 million in 2013, 1.5 per cent increase compared to previous year, in the background of lowered delivered volumes of imported and domestic gas.

2014-02-27 17:02:48

In the context, the company profit diminished by 16.8 per cent and reached EUR 201.6 million. In 2013, Romgaz produced 5.65 million cube meters of natural gas, 0.2 per cent down compared to 2012, when the produces volume was of 5.663 cube meters, following a report of Romgaz delivered to Bucharest Stock Exchange. In Romania, Romgaz operates 3.255 drilling wells exploiting 148 commercial deposits.

Also, it owns 35 exploration wells in 9 perimeters. Romgaz owns 90 per cent of the overall domestic market of gas storage, with six storage deposits owned in Romania which can stock 2.76 billion cube meters of natural gas.

Last year, Romgaz announced it would pay an estimated amount exceeding USD 12 million if it decides to join the partnership of Exxon Mobil and OMV Petrom established for the exploitation and development of Midia offshore perimeter of Black Sea, according to the company's books published prior to listing.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  1579 Views
Daily Info
Romanian Energy Awards 2017 - performance and exceptional accomplishments

The Diplomat - Bucharest celebrated the winners of 21 assigned categories for both conventional and renewable energy, within a prestigious event continuing the annual traditio...

New law on ports administration would be very damaging for Romanian state budget, Fondul Proprietatea says

Fondul Proprietatea is concerned by the renewed steps to approve the draft law amending the Government Ordinance on ports administration, which was re-examined and approved th...

Vienna Insurance Group posts profit of 110 million Euro in Q1

Vienna Insurance Group reported a profit before taxes of around 110 million Euro in the first quarter of 2017, according to a press release.

Three Romanian architecture offices merge into CUMULUS

PZP, SYAA and ARXTUDIO offices have merged into CUMULUS, in one of the rare transaction on the Romanian architecture sector. The new company has a combined turnover of over on...

Eberspaecher forecasts slight increase in revenue for 2017

The German automotive supplier Eberspaecher forecasts sustained positive income development with a slight increase in revenue for 2017, a press release shows.

 
 
   
advertising

advertising

advertising

More on News
Iohannis: I explained to EU leaders multi-speed Europe is not a good solution, could end in split-up

President Klaus Iohannis, speaking after the European Council's meeting, said that he explained to EU leaders that a multi-speed Europe is not a good solution and that in e...

1 Comment

BRUA pipeline to operate in 2020 when Exxon, Petrom will extract Black Sea gas

The works at the BRUA (Bulgaria - Romania - Hungary - Austria) pipeline will start at the end of 2017, and the gas pipeline will become operational in 2020, when ExxonMobil...

Ninety-seven per cent of household waste ends up in landfills, says ARBIO

As much as 97 per cent of Romania's household waste ends up in landfills, and Romania could be fined starting in 2020 about 500,000 Euro per day if it fails to bring the nu...

Net investment in national economy, down 3.3 per cent in 2016

Net investment carried out last year in Romania's national economy stood at 70.281 billion RON (15.6 billion Euro, declining 3.3 per cent from 2015, according to data relea...

Commercial property investments in Romania exceeded 850 million Euro last year, says DTZ

In 2016, the total volume invested in commercial property in Romania exceeded 850 million Euro, a DTZ Echinox report shows. Bucharest attracted 660 million Euro, which repr...

Romania has significant potential in agriculture, but low productivity, says PwC Romania

Romania is one of the European countries with the highest potential in agriculture with the sixth biggest agricultural use area in the EU, but it has a low productivity due...

PM Grindeanu in Brussels: Policies on cohesion funds, common agricultural policies important to Romania

The policies regarding the cohesion funds and the common agricultural policies are important to Romania, Prime Minister Sorin Grindeanu said in Brussels, in talks with seve...