The Neptun Deep gas extraction project in the Black Sea, carried out in partnership between OMV Petrom and Romgaz, is progressing on schedule to deliver the first gas in 2027, OMV Petrom reports. Cristian Hubati, the company’s Exploration and Production Director, stated that the Neptun Deep project is advancing according to the planned timeline. “The project is at 46%, we are on schedule and moving forward energetically,” Hubati said on Thursday during a press conference. Asked about reassessing the resource in this field, Hubati said it is an ongoing process as data is acquired. The company also plans to drill a new exploration well soon. Neptun Deep is the largest natural gas project in the Romanian Black Sea and the first offshore project in deep waters in Romania. The exploration, exploitation and production rights for the Neptun Deep perimeter are held by OMV Petrom and Romgaz, each with a 50% stake. OMV Petrom is the operator of the project. The first gas quantities are expected in 2027. Total production is estimated at 100 billion cubic meters of natural gas, and the necessary investments are estimated at 4 billion euros, costs shared equally between the two partners, OMV Petrom and Romgaz. (Photo:https://brandportal.omvpetrom.com/)
Daniel Băluță, the Social Democrats' (PSD) candidate for the general mayor elections in Bucharest scheduled for December 7, and the independent candidate supported by isolationist party AUR, Anca Alexandrescu, lead in the voting intentions of Bucharest residents, separated by only 0.1% percentage points, according to an opinion poll conducted by the AtlasIntel institute for
Grampet–GFR owner Gruia Stoica has signed a joint venture agreement with Chinese rolling stock manufacturer CRRC Shandong to develop a new freight wagon factory in Hungary, industry sources told Club Feroviar. The agreement was concluded last week during Stoica’s visit to China, according to the publication. ...
The Romanian government is examining amendments to the Oil Law that would allow the Trident offshore perimeter in the Black Sea, held 87.5% by Lukoil, to return to state ownership or be taken over by project partner Romgaz, which holds the remaining 12.5%,
The Canadian company Eldorado Gold has agreed to the sale of the Romanian gold mining project Certej, in Hunedoara County, for a total amount of up to USD 30 million, Profit.ro...
Cris-Tim Family Holding (BVB: CFH), the market leader in cold cuts and ready meals in Romania, reported revenues of RON 853.1 million (EUR 170 million) for the first nine months of 2025, a 3% y/y increase, supported by 5% growth in the Cold Cuts segment and a strong 21% advance in ready meals. Profitability improved […]
Romania’s Fiscal Council expressed cautious optimism that the fiscal measures adopted in the second half of 2025 could reduce the budget deficit to around 6.5% of GDP in 2026, according to its assessment of the second budget revision approved by the government. The Council stated that such an outcome would represent a significant improvement from […]
