Prime Minister Nicolae Ciuca on Tuesday said that starting to exploit the natural gas in the Black Sea represents an essential objective in the process of obtaining supply independence from Russian gas.The Prime Minister had a meeting on Tuesday at the Victoria Palace with Eric Faillnet, the head of Carlyle International Energy Partners Group, which is the main shareholder of the Black Sea Oil&Gas.According to a press release of the government, on this occasion, the Prime Minister welcomed the interest of investors in starting to exploit the natural gas in the Black Sea, through the development of the Midia Project, which will cover, as of this year, ten percent of the necessary production at the national level."For Romanians, it is an essential objective to achieve in seeking independence from the Russian gas. The government encourages investments in the energy sector, and our country is among those European states that could manage with the quantity of gas that they have to cover the national consumption. The new offshore law, which we initiated at the Governing Coalition level and will soon be adopted, creates a predictable and stable framework for investors. By ensuring a balance between the state interests and the ones of the private environment, Romania has the chance of even becoming an exporter in the region, as soon as the exploitation projects in the Black Sea are developed," Nicolae Ciuca was quoted as saying in a press release.In their turn, the representatives of Black Sea Oil&Gas announced that the Midia project is ready to start in June, after the last tests, with a delivery capacity of one billion cubic metres annually.
Global Vision is proud to announce the signing of a long-term lease agreement with Diehl Aviation, a leading global partner in the aviation industry. As the appointed development partner, the company has been entrusted with the construction of Diehl Aviation’s new production facility in Craiova. The groundbreaking ceremony was held today, July 30, and was […]
Climate Change Summit, the largest event in Central and Eastern Europe dedicated to climate solutions, returns in 2025 with its fourth edition in an expanded format. The event will take place from October 20 to 25, at the Palace of the Parliament and in venues across Bucharest and Romania, as well as various locations throughout […]
Electronics and IT discounter Flanco will open additional stores in Timișoara, Pitești, and Constanța, as part of its planned expansion in the country. The new commercial spaces are completely new stores, ranging in size from large to medium. In Pitești and Timișoara, the retailer will open new stores on July 31 - the fifth in […]
PORR, the Austrian construction and infrastructure company, has been selected as the civil and electrical (BOP) partner The 42 6.4 MW turbines, the largest power output of any in Romania, will once again be supplied by Vestas Phase 2 construction is scheduled to begin in the autumn Rezolv Energy, backed by growth market sustainable infrastructure investor […]
This season, Olea invites guests to embrace the elegance of summer with refined exclusive experiences inspired by the JW Garden and Middle’terranean flavors. From leisurely afternoons to chic evenings under the open sky, each moment celebrates freshness and togetherness. Marking a new highlight, Olea introduces its first-ever 10 AM Party — a sophisticated take on […]
The Romanian Intelligence Service noted that liquids, aerosols, and gels in containers with a capacity of up to two liters can be transported by passengers in the aircraft cabin only at airports that install the new model of control equipment. The press release, published on Wednesday, July 30, provided clarifications regarding a new security procedure […]
