Total hydrocarbon production of Romanian state-controlled natural gas company Romgaz rose by 11.2% YoY to 32.5 mln barrels of oil equivalent (boe) in 2021, and the volume of gas from domestic production delivered to the market increased even more (by 12.7% YoY) to 4.97 bln cubic meters. The company's output still lags behind the 2019 level when it reported 34.07 mln boe total hydrocarbon production. Romgaz has, however, managed to increase its deliveries from domestic production slightly more, by 12.7% YoY to 4.97 bln cubic meters - just above the 4.90 bln delivered in 2019. Romgaz, 70% controlled by the Romanian state, has a capitalization of RON 14.6 bln (EUR 2.9 bln). Since the beginning of 2021, its shares have decreased by 2.5% amid transactions of RON 46 mln.The company announced in October 2021 that it had completed negotiations with ExxonMobil Corporations and Production Romania Limited to take over the 50% stake in the Neptun Deep perimeter in the Black Sea, becoming a partner with OMV Petrom in the largest offshore energy project local.
Pulitzer Prize winner Junot Díaz, Tracy Chevalier, the author of the international best seller Girl with a Pearl Earring, and French author Michel Bussi, known for his widely translated thriller novels, are among the authors set to attend this year’s Iași International Literature and Translation Festival (FILIT), the largest literary festival in the country. They […]
Bucharest is about to welcome a culinary moment like no other. This September, the JW Marriott Bucharest Grand Hotel will host Michelin-starred Chef Theodor Falser - a name synonymous with nature-inspired haute cuisine - for three exclusive evenings that promise to delight the senses and tell stories through food. The Chef Who Cooks Nature Theodor […]
The International Monetary Fund (IMF) has endorsed Romania’s latest fiscal measures, forecasting that the economy will grow by 1% in 2025 and 1.4% in 2026, the government said Friday, September 12, after talks with a visiting IMF delegation. The delegation, led by Joong Shik Kang, met prime minister Ilie Bolojan in Bucharest to discuss the […]
The George Ciprian Theater in Buzău has unveiled “E-Waste E-Motion,” the first performance in Romania in which all characters are played by small autonomous robots, blending art, technology, and sustainability in an experimental theatrical project. “E-Waste E-Motion” is part of a broader artistic research initiative supported by the National University of Theatre and Film (UNATC) […]
With extensive experience in the luxury hospitality sector, gained as General Manager of Sofitel Legend The Grand Amsterdam and Hotel Okura Amsterdam (LHW), as well as in various Director of Operations and Business Development roles, Ms. Emmy Stoel is a seasoned professional whose career reflects a deep passion for excellence in guest service, having successfully […]
Update: The woman made her first statements on Friday afternoon after being questioned. According to Digi24, she told journalists outside a police station in Bucharest that the items were family heirlooms from the Soviet era, and that she...
