Romgaz, the largest natural gas producer and the main supplier in Romania, is prepared for the winter season and can ensure the continuity of activity in terms of natural gas production, Robert Chirca, Romgaz production and exploitation director, said on Monday at a specialist event."For this winter, I can tell you that for the 137 on-shore fields in our portfolio their 54 drying stations and 16 compression stations have undergone the annual revision process, capital repairs to ensure continuity in natural gas production. I can tell you that for the 2,900 wells in our portfolio, the works planned to happen - I mean the capital repairs and necessary works to keep up production and to fit into the strategic decline of 2.5% - are on schedule and will be completed by the end of this year. I can tell you, statistically, several hundred capital repairs, revisions and technological revisions have been carried out at company level and we are ready for the wintertime," said the Romgaz official.According to him, the company faced challenges during the year, but no problems are foreseen in the coming period."There were challenges. Throughout the year, we have had to deal with challenges in terms of establishing and also supplying safety stocks in terms of spare parts for the compression and drying part, but 95% of them are completed. I don't see or at least we don't see any problems moving forward. From our point of view, we are ready for the winter of 2024 - 2025 and we are waiting for the next challenges," Chirica told an Energy Focus conference on the winter challenges 2024 - 2025 for the national energy grid.He added that Romgaz produces on average, somewhere around 83,000 boe or 12.5 million cubic meters per day.
It's almost impossible to think about anything not related to elections this weekend but if you should need some distraction, there are options. Happening now is the European Film Festival, screening recent productions from the continent, very varied in theme, tone, and genre. The fest is playing Bucharest, Sfântu Gheorghe and Timișoara until Sunday and […]
Modernization work is ready to start at Bucharest’s Henri Coandă International Airport, also known as the Otopeni Airport, following an investment of over RON 112.4 million (some EUR 22 million) led by the National Company Bucharest Airports (CNAB), news agency Agerpres reported. The company...
Paris Hilton, who will be present at IntenCity Craiova, a festival organized this summer between June 26–29, sent a message to her fans in Romania. "I'm excited to perform at the IntenCity Festival on June 28. It's going to be so much fun! See you there," Paris Hilton told those who will come to Craiova. […]
AMAIS (Association for Alternative Methods of Social Integration) has officially launched the SeeYou mobile app, an innovative platform that connects visually impaired individuals with volunteer guides who can accompany them during everyday activities - from medical appointments or shopping to park strolls or cultural events. SeeYou is the first mobile app of its kind in […]
SAI Broker, a Romanian investment management company part of BRK Financial Group, listed a new ETF on the Regulated Market of the Bucharest Stock Exchange (BVB) on May 16, under the stock symbol BKBETETF. The ETF aims to fully replicate the structure of the main index, BET. The BET index reflects the evolution of the […]
An investment of over RON 1.26 billion, approximately EUR 254 million, is set to be made in the Port of Constanța, to increase maritime transport capacity and the volume of commercial exchanges. The funds will be used for the construction of a quay and the development of a port area covering 550,000 square meters. The […]
