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.
President Nicușor Dan has nominated Senate president Ilie Bolojan, a leader of the National Liberal Party (PNL) and former interim president, for the prime minister seat. Dan said Bolojan is “the best person to carry out the needed adjustments in the state administration.” He pointed to Bolojan’s track record with reducing spending, and said he has […]
Balkanik Festival – Home of World Music, set to take place at Uranus Garden between September 5 and September 7, lines up this year artists who "celebrate that form of joy that does not ignore reality, but faces it with beauty, energy, and solidarity," the organizers said. The artists performing in September in Bucharest will […]
The mayor of Timișoara, Dominic Fritz, announced on Friday, June 20, that two new bridges over the Bega River will be built in the city. The bridges will be financed with EU-backed funds worth over RON 130 million. The bridges in question are the Solventul Bridge, which will connect Gării Street to Dâmbovița Boulevard and […]
A Sarmatian necropolis nearly 2,000 years old was discovered after archaeological excavations were carried out at the Mehala II site in the municipality of Timișoara, in western Romania. Researchers discovered 15 inhumation graves, most arranged in rectangular pits with rounded corners, although some no longer retain their original outline, having been disturbed by the passage […]
The George Enescu Philharmonic Orchestra will deliver on June 26 a concert marking Romania Day at the Osaka World Expo. Additionally, the Bucharest-based orchestra will present a series of other concerts and recitals, both within the Romanian Pavilion and outside, at Toyonara Hall in Osaka. The George Enescu Philharmonic Orchestra's concerts will be conducted by […]
Sphera Franchise Group, the largest food service group in Romania, has opened its first Cioccolatitaliani store in the seaside resort of Riccione, in Italy’s Rimini tourist area. This marks the official launch of Sphera Group’s development plan for the premium Italian brand of coffee, gelato, and pastry. Under the plan, it will open four locations […]
