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.
Electroputere VFU Pașcani, part of the group of private railway companies Grampet, presented on June 19 the diesel multiple unit (DMU) named Leon. The train, designed and made by Electroputere VFU Paşcani, is the first DMU entirely made in Romania in the last 80 years, the company explained. The three-car DMU has 145 seats, including […]
The mountain biking trails on the Postăvarul Massif, in central Romania, will open earlier than initially estimated. First visitors can already use the trails this weekend. The opening comes after several weeks of intense work to remove dozens of fallen trees from the mountain biking trails and to arrange them. Starting Saturday, on weekends, the […]
Forvis Mazars, the international audit, tax and advisory services partnership, announced the launch of its International German-Romanian Desk, an initiative aimed at addressing the demand for integrated cross-border tax and legal support between Germany and Romania on Thursday, June 19. According to the company, the Desk combines a highly qualified German team of lawyers with […]
Simtel (BVB: SMTL), an engineering and technology group listed on the Main Market of the Bucharest Stock Exchange, announced on Thursday, June 19, that the Romanian Financial Supervisory Authority has approved the base prospectus for a corporate bond program of up to EUR 30 million. The program allows Simtel to issue bonds in multiple tranches […]
Romania's efforts to stabilize its fiscal position and finalize a new ruling coalition have been delayed after president Nicușor Dan rejected a proposed VAT rate increase central to a budgetary corrective package agreed by the four pro-Western parties,
A sword that may date back to the Bronze Age, roughly 3,500 years ago, was found following searches carried out in a case of aggravated theft, in the commune of Corbasca, Bacău County. The searches targeted the home of a 61-year-old man suspected of illegally possessing a cultural asset likely to be part of the […]
