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.
Romanian athletes shined at the 2024 European Rowing Championships in Szeged, Hungary, gathering a total of eight medals: four gold, two silver, and two bronze. They thus managed to secure the second place in the competition’s medal count for Romania, the Olympic and Sports Committee announced. The gold medals were won...
Seventeen birds from species protected by law were found by police at the residence of a man in Domneşti, Ilfov county, in southern Romania, and were subsequently released into the wild. The police have opened a criminal case related to the matter. During checks, police officers from the Ilfov Animal Protection Office discovered that the […]
The Bucharest Tribunal ruled last Friday, April 26, that the trial of Andrew Tate and his brother Tristan could start. The two are accused of forming an organized criminal group, human trafficking, and rape. The preliminary chamber judge found the legality of the indictment and rejected several requests and exceptions formulated by the lawyers of […]
During a major event that brought together national and international medical professionals, Siemens Healthineers announced the premiere installation of MAGNETOM Flow in Romania, an innovative magnetic resonance imaging (MRI) technology designed to improve diagnostic capabilities and increase efficiency in patient care. Dominik Panwinkler, MR Business Manager CEECA at Siemens Healthineers, highlighted some of the advantages […]
The demand for skilled and unskilled workers is 10%-20% lower than it was last year, the experts are less inclined to change their jobs, and the contraction in the IT market already visible in the UK and western Europe is reaching Romania to some extent, according to Alexandra Peligrad, CEO of Smartree human resources company. […]
Sorina Pintea, former Social Democrat (PSD) member of the Parliament (2016-2017) and later minister of health (2018-2019), was sentenced to 3 years and six months of jail with execution for bribe-taking by a ruling given by Cluj Court on April 26. The decision is not final and can be appealed,
