Prime Minister Nicolae Ciuca said on Wednesday that the first natural gas drill in the Black Sea will happen in the middle of this year, with the new exploitation expected to provide about one billion cubic metres per year, which is 10% of the annual natural gas consumption in Romania."The first Black Sea natural gas drill will be conducted by Black Sea Oil and Gas in the middle of this year and then we will have an extra billion cubic metres per year provided by this investment. (...) In the Caragele field the first dill will be in 2024, and in the Neptune Deep field, before the end of 2026-2027; we cannot hope for Black Sea natural gas earlier than late 2026-2027. We have to say that Romania is a lucky country, having this very important resource at the moment," Ciuca told TVR1 national broadcaster on Wednesday.According to Ciuca, although there is currently enough gas for consumption by the population and industry, an additional amount of about 20% of annual consumption is needed, of which 10% would be provided by the exploitation of Black Sea Oil and Gas.Ciuca added that talks with the Bulgarian prime minister would be held on Friday on the completion of an interconnection between Greece and Bulgaria, so that liquefied gas could be brought to the Mediterranean and unloaded at terminals in Greece or Turkey.With regard to electricity, Ciuca said that the European Union's renewable energy programmes are being considered, along with steps for the commissioning of the Iernut plant, the Cernavoda III and IV reactors and small modular reactors.In connection with the offshore drilling law, Ciuca gave assurances that it will shortly be approved and forwarded for promulgation.
The final version of Romania's national defence strategy 2025-2030, as amended following the public consultations and approved by the members of the Supreme National Defence Council (CSAT), is to be presented by president Nicusor Dan in Parliament, where it will be debated and voted on by lawmakers. The Romanian state must be prepared to manage […]
Romania aims, through its new National Defense Strategy, to become the second military power on the eastern flank and a defense provider in the Black Sea region, according to defense minister Ionuț Moșteanu. The new National Defense Strategy is a paradigm shift, the minister said. “A fundamentally different point of view is that we are […]
The 5 to go coffee chain, including over 650 units nationwide, is expanding its service portfolio through a partnership with Fibula Air Travel tour operator, for which it will distribute tourist packages, Ziarul Financiar reported. Fibula Air Travel has a significant presence in the markets...
The French group Groupe Atlantic is set to inaugurate the factory in Ariceştii Rahtivani, Prahova County, in the coming weeks, a greenfield investment of over EUR 50 million, announced Ziarul Financiar. So far, about EUR 40 million has been invested, and the remaining EUR 10 million is planned by the end...
Fondul Proprietatea (FP), as a minority shareholder (20%) at Bucharest Airports Company (CAB), proposed that the company could issue, under an IPO at Bucharest Exchange (BVB), a number of shares equal to half of its current shares, to finance the construction of a new terminal. The operation would preserve the state's majority position and generate […]
Sales of the Dacia Sandero model were the highest in Europe in October, although the volume was slightly lower than a year ago. The Romanian model managed to surpass its main rivals, the Clio and the T-Roc, according to Profit.ro. The Sandero is mainly built in Morocco, where...
