OMV Petrom (BVB: SNP), the largest energy company in Romania, no longer buys crude oil from Russia for consumption at the Romanian refinery, company officials told Economica.net. Even if it is going to be more expensive, OMV Petrom will seek to buy crude oil from other sources. By its decision, OMV Petrom follows a trend of an informal ban on Russian oil that will probably soon become formal in Europe - after such a ban was enacted in the United States, United Kingdom, Canada and Australia. While sanctions on Russian natural gas are unlikely at this point because of the economic damage they would cause, Europe could better withstand an embargo on Russian oil. "We have chosen not to process crude oil from Russia. We bring non-Russian crude oil, it may originate from ex-Soviet republics - but not Russia. We also look to North or West Africa [for oil supplies]. We also have the offer of crude oil from Kazakhstan on the table. But all purchases are made through our London office (OMV Trading), which looks at all options for purchases," said Radu Caprau, a member of Petrom's management responsible for refining and marketing. "Russian oil would have been delivered at a discount, but we are not buying. It is our way of sanctioning Russia. It was our decision and that of the OMV group, they are going in the same direction as well," the official explained.
More than 680 houses in Suceava country and 170 houses in Neamţ county were impacted in the flash floods that hit northeastern Romania at the end of last week. Forty-one houses were completely destroyed, Raed Arafat, the head of the Department for Emergency Situations (DSU), announced on Friday, August 1. Three people were killed in […]
Romanian justice minister Radu Marinescu said on Thursday, July 31, that harsher penalties are being considered for violence against women and domestic violence, including the criminalization of femicide. The minister said that Romania currently has legislation that is fairly adequate, in line with European standards, for combating violence, including domestic violence. He also said that […]
Via Transilvanica, the long-distance trail that crosses the country, will apply to be the first accredited long-distance route in Romania after the government issued the methodological norms regulating the hiking trails of national interest. Tășuleasa Social, the non-profit that developed the trail, called the recently issued norms "a huge step that transforms a bold idea into...
Former prime minister and Social Democratic leader Marcel Ciolacu stated that he does not rule out a candidacy for the presidency of the Buzău County Council, after rumors to that end. PSD Buzău president Romeo Lungu had previously told journalists that discussions are underway for the former prime minister to run for the Buzău County […]
The Balneo-Physiotherapy Clinic in the Călimănești resort town, southern Romania, will undergo rehabilitation with a EUR 10 million financing from the European Union, according to representatives of the Vâlcea County Council. The project implementation period will be 24 months from the completion of the tender for the execution of the works, which include, in addition […]
Bringo, the first personal shopper-based rapid grocery delivery service in Romania, handling over 4,000 daily orders in more than 35 cities, launches a loyalty program that turns shopping into a continuous reward experience. "Beyond functional benefits like discounts, free delivery, or double refunds for SGR packaging collected right at your doorstep, Bringo YOU offers a […]
