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Old May 2nd, 2008, 02:11 PM   #1
Le Clerk
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Energy

WIKIPEDIA:


Quote:
Electric power in Romania was provided by the Romanian Electric Power Corporation (CONEL). Energy used in electric power generation consisted primarily of nuclear, coal, oil, and liquefied natural gas (LNG). Of the 54,885 million kwhr of electricity generated in 2005, 22 percent came from nuclear plants then in operation, 54 percent from thermal plants (oil and coal), and 14 percent from hydroelectric sites. It was predicted in 2007 that the generation structure by the year 2010 would be 10.2 percent hydroelectric, 12.2 percent oil, 22.9 percent coal, 10.2 percent LNG, and 44.5 percent nuclear.

Romania has significant oil and gas reserves, substantial coal deposits and it has substantial hydroelectric power installed. However, Romania imports oil and gas from Russia and other countries. To ease this dependency Romania seeks to use nuclear power as an alternative to electricity generation. So far, the country's only nuclear reactor, located at Cernavodă, accounts for about 9-10% of the country's electricity production, while a second one is scheduled to go online in 2007 and two more to start construction the same year. Nuclear waste is stored on site at reprocessing facilities. Possessing substantial oil refining capacities, Romania is particularly interested in the Central Asia-Europe pipelines and seeks to strengthen its relations with some Persian Gulf states.

In the decade between 1989 and 1999, Romania saw decrease of its greenhouse gas emissions by 55%. This can be accounted for by a 45% decrease in energy use due to languishing economy, and a 15% decrease in its carbon intensity of energy use. In this period of time the carbon intensity of Romania's economy decreased by 40%, while Romania's GDP declined 15%. Romania's GDP has recovered significantly since then.



Hydrocarbons

Romania was one of the largest producers of oil in World War II. The petrochemical industry near Ploiesti was bombed heavily by American bombers. After the war, a heavy reconstruction and expansion was done under the communist regime. Since then, most of the industry was privatized.

Possessing substantial oil refining capacities, Romania is particularly interested in the Central Asia-Europe pipelines and seeks to strengthen its relations with some Persian Gulf states. With 10 refineries and an overall refining capacity of approximately 5,504,000 bbl/d (875,100 mł/d), Romania has the largest refining industry in the region. Romania's refining capacity far exceeds domestic demand for refined petroleum products, allowing the country to export a wide range of oil products and petrochemicals, -- such as lubricants, bitumen, and fertilizers -- throughout the region. [2]

Energy producers were dominated by government enterprises, although privately operated coal mines and oil refineries also existed. Accordingly, Romania placed an increasingly heavy emphasis on developing nuclear power generation.

This is an incomplete list of oil refineries in Romania:

Arpechim Piteşti Refinery, (Petrom/OMV), 70,000 bbl/d (11,000 mł/d)

Astra Refinery, (Interagro), 20,000 bbl/d (3,200 mł/d)

Petrobrazi Ploieşti Refinery, (Petrom/OMV), 90,000 bbl/d (14,000 mł/d)

Petromidia Constanţa Refinery, (Rompetrol), 100,000 bbl/d (16,000 mł/d)

Petrotel LUKoil Ploieşti Refinery, (LUKOIL), 68,000 bbl/d (10,800 mł/d)

Petrolsub Suplacu de Barcău Refinery, (Petrom/OMV), 15,000 bbl/d (2,400 mł/d)

RAFO Oneşti Refinery, (Calder A), 70,000 bbl/d (11,000 mł/d)

Steaua Romană Câmpina Refinery, (Omnimpex Chemicals), 15,000 bbl/d (2,400 mł/d)

Vega Ploieşti Refinery, (Rompetrol), 20,000 bbl/d (3,200 mł/d)


Hydroelectric power



This is a list of Reservoirs and dams in Romania:

Vidraru Dam
Bicaz (Izvorul Muntelui), on the Bistriţa river
Cerna
Drăgan, on the Valea Drăganului river
Fântânele, on the Someşul Cald river
Frumoasa
Goleşti
Gura Apelor
Gura Râului
Mâneciu
Motru
Oaşa
Paltinu
Pecineagu
Poiana Mărului
Poiana Uzului
Porţile de Fier, on the Danube
Portile de Fier I
Portile de Fier II
Râuşor
Săcele
Secu
Siriu
Someşul Cald, on the Someşul Cald
Stânca
Strâmtori
Tarniţa, on the Someşul Cald
Tău
Tileagd, on the Crişul Repede
Lugaşu, on the Crişul Repede
Vidra, on the Lotru
Vidraru, on the Argeş
Zetea


Wind power

As of 2007, Wind power in Romania has an installed capacity of 10 MW, up from the 3 MW installed capacity in 2006.

Romania has a high wind power potential of around 14.000 MW[1] and a power generating capacity of 23 TWh, but until 2007 there were no sigificant wind farms in operation.

Homever there is a significant number of companies interested in investing in wind farms in Romania, Enel having plans for several wind farms with a total capacity of 1.400 MW.

Another company interested in wind power in Romania is Cofra Group which has plans for two wind farms, one of 700 MW in Dobrogea and one of 400 MW in Moldova with total investments of US$ 1.65 billion.[2]

Iberdrola recently bought from a Swiss and a Romanian company 50 wind farm projects totalling 1.600 MW of power for US$ 450 million.[3]

There are several Romanian companies interested in building wind farms, but the most significant are Electrica and Green Energy which have plans for around 600 MW of wind farms with total investments of US$ 800 million. [4][5]

These are some of the most important wind farm projects in Romania:

Farm Power MW
Babadag 48
Călimani 27
Clisura Dunării 10
Mărişelu 300
New Energy Constanţa30
New Energy Tulcea 20
Valu lui Traian 10


Nuclear power

Romania placed a heavy emphasis on nuclear power generation. The country's first nuclear power plant, the Cernavoda Number One located near Cernavoda, opened in 1993. Two reactors were operational in 2007 when atomic power generation was an estimated 21,158 million kilowatts, or 23.1 percent of total electric power.

Reactors:




Unit 1
Unit One was finished in 1996 and produces 705.6 MW of electricity.

It was commisionned and began operating at full power in 1996 and has had record capacity factors of 90 per cent since 2005. Unit 1 recently completed over 300 days without an interruption in service.

The reactor is a CANDU 6 type.


Unit 2
Unit Two achieved criticality on 6 May 2007 [1] and was connected to the national grid on 7 August. It began operating at full capacity on 12 September 2007[2], also producing 706MW.

Unit 2 was officially commissioned on Friday, October 5, 2007 during ceremonies attended by Romanian Prime Minister Călin Popescu-Tăriceanu and senior officials from Atomic Energy of Canada Limited (AECL). [3]. This makes CNE-Cernavoda Station the largest power producer in the country.

A consortium of AECL and Ansaldo Nuclear of Italy, along with the Nuclearelectrica (SNN) SA, Romania’s nuclear public utility, were contracted in 2003 to manage the construction of the partially completed Unit 2 power plant and to commission it into service.

The reactor is a CANDU 6 type.


Future expansion

Units 3 and 4
Units 3 and 4 are expected to be CANDU 6 reactors with a similar design to Unit 2 and will each have a capacity of 750 MW. When completed, the four units combined are expected to provide up to 40 % of Romania's total electricity needs, reducing its dependence on fossil fuels for electricity generation. Units 3 and 4 are expected to be operational by 2014 and 2015 respectively. The project is estimated to take up to six years after the contracts are signed.

In a feasibility study carried out by Deloitte and Touche, the most economically viable scenario would be to build the two phases at the same time, with the cost estimated at €2.3 billion.

On 7 March 2008, Nuclearelectrica, ArcelorMittal, CEZ, Electrabel, Enel, Iberdrola and RWE agreed to set up a company dedicated to the completion, commissioning and operation of Units 3 and 4. The company is expected to be registered in May 2008.[4]

Unit 5
There are currently no plans to complete Unit Five at this time. However, the possibility of finishing construction remains.

Options include the current CANDU 6 reactor, an enchanced CANDU 6 reactor producing 740 MW, or the Advanced CANDU Reactor.

To cover the increasing energy needs of its population and ensure the continued raising of its living standard, Romania plans several nuclear power plants. Nuclear power proposals were presented as early as in the 1990s, but plans were repeatedly canceled even after bids were made by interested manufacturers because of high costs and safety concerns. Romania has always chosen Candu nuclear reactors because they use natural unenriched uranium which is cheap and available locally and because they can be refueled online.

Last edited by Le Clerk; May 2nd, 2008 at 02:39 PM.
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Old May 2nd, 2008, 02:21 PM   #2
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Vestas plans to invest in wind energy in Romania

02/05/2008


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Vestas plans to invest in wind energy in Romania


Danish company Vestas, one of the largest global producers of wind turbines, entered the Romanian market, drawn by high potential on this segment, according to company data.
The company's direct competitors are General Electric Energy or Siemens. Romania is one of the countries with the highest wind energy potential in the region, according to a study by energy advisory company Emerging Energy Research. Romania has a wind energy potential of 3,000 MW, surpassed only by Bulgaria, with 3,400 MW and Poland, with 4,000 MW.

Vestas posted turnover of €4.8 billion last year and a profit of €291 million. The company is present in most European countries and has some 15,000 employees.

The largest investment in the Romanian wind energy sector was announced by Spanish company Iberdrola Renovables. It will take over 50 wind energy projects locally, with a total capacity of 1,600 MW.

Also, CWP Cyprus company and businessman Emanuel Muntmark plan to invest some €450 million in two wind energy parks with a total capacity of 335 MW. Eviva Energy, local branch of Portuguese group Martifer, plans to build this year wind energy turbines with a total capacity of 50 MW.

The national electricity transportation company Transelectrica approved three projects to build wind energy parks with a total capacity of 600 MW. Transelectrica was submitted requests for projects totaling some 4,000 MW in wind energy turbines.
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Old May 2nd, 2008, 02:24 PM   #3
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Business Standard
30/02/2008


Quote:

Linde builds €100 mln worth of equipment for ArcelorMittal in Galati


German industrial gas supplier Linde signed an agreement with steel producer ArcelorMittal, including the construction of an air separation equipment and modernizing existing assets at the Galati steel plant, owned by the international producer. The project’s value exceeds €100 million.
The new air separation equipment will produce 2,000 tons of oxygen daily, along with smaller quantities of nitrogen and argon.

ArcelorMittal Galati officials plan to lease the oxygen factory for 20 years to an industrial gas company, to reduce costs and focus on investments in steel production, the main activity area. Furthermore, they intend to lease a lime factory owned by the steel plant.
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Old May 2nd, 2008, 02:34 PM   #4
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There are many wind energy projects in Dobrogea. See, for instance, this link:

EOLICA DOBROGEA
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Old May 2nd, 2008, 02:51 PM   #5
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When finished, it'll be one awesome view:


http://www.edch.ch


http://www.edch.ch

Imagine all those hills with windmills on top. I like it!
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Old May 4th, 2008, 08:43 PM   #6
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E.ON and Gaz de France fight for Petrom’s gas distribution

Business Standard
05/05/2008

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E.ON and Gaz de France fight for Petrom’s gas distribution


Two of the largest utilities companies worldwide, E.ON Germany and Gaz de France (GdF) are competing to take over Petrom Distributie Gaze (PDG), Romania’s largest company’s gas distribution division.

Oil group Petrom is negotiating since the end of 2007 the sale of its gas distribution branch to one of the two players on local market, E.ON, owner of gas distributor Distrigaz Nord and GdF, owner of Distrigaz Sud. The market value of Petrom’s gas distribution division amounts to €50 million to €70 mln, but the transaction could exceed these estimations, according to market sources.

“Distrigaz Sud is still interested in buying small distribution companies in its operating area, which could contribute to the company’s development,” Distrigaz officials said.

E.ON representatives declined to comment on the matter, but said the company will consider investments only if they are justified by large savings and know-how transfer. They added that E.ON will remain very selective regarding future investments.

Petrom representatives said that PDG will be sold to a strategic partner interested in the company’s development. Petrom plans to sell PDG, as it is not part of its core business activities. The company, owned by Austrian company OMV, sold all operations not related to oil and gas production.

PDG had a market share of 1 percent last year and supplied 42 cities. “Petrom’s domestic clients number on gas distribution area is increasing each year by 8-10 percent,” company official said.

The acquisition of PDG could consolidate the market share of both E.ON and Distrigaz Sud. According to Romanian Energy Regulatory Authority (ANRE), E.ON Gaz had a market share of 45 percent last year, while Distrigaz Sud had a market share of 47 percent.

The local gas market rose to some €6 billion last year, due to higher prices. The national gas consumption amounted 16.4 bln cubic meters. Some 70 percent of gas burnt in 2007 came from internal production and the rest was imported from Russia.

Both GdF and E.ON plan to become integrated utilities suppliers for domestic and industrial segments.
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Old May 6th, 2008, 03:30 PM   #7
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Romgaz to enter Poland and Slovakia

Business Standard
06/05/2008

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Romgaz to enter Poland and Slovakia
06 mai 2008

Romania’s largest natural gas producer and supplier, Romgaz, is involved in ongoing talks with several companies to enter foreign markets. The first investments are to be made this year in Poland and Slovakia, sources within the company told news agency NewsIn.

“Talks are very advanced for partnerships, so we can work in the two countries. Initially, Romgaz will only focus on exploitation abroad,” sources said. They added that one of the companies also has a partnership with Romgaz in Romania.

The company, controlled by the Romanian state through its Finance and Economy Ministry, estimates some €175 million in profit this year and €1.08 billion in turnover. (NewsIn)
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Old May 6th, 2008, 04:36 PM   #8
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Second NPP to be located in Transilvania

Business Standard
06/05/2008


Quote:

Cea de-a doua centrala nucleara va fi amplasata cel mai probabil in Transilvania


Cea de-a doua contrala nucleara care ar urma sa fie data in folosinta dupa 2020 va fi amplasata cel mai probabil in Transilvania, iar studiul pentru amplasarea acesteia va incepe in aceasta vara, au declarat marti pentru NewsIn surse din cadrul Ministerului Economiei si Finantelor (MEF).

“Dupa ce in anii '80 au fost facute studii de amplasament pentru cea de-a doua centrala nucleara, urmeaza ca in acesta vara sa fie refacut studiul de amplasare, dupa care va fi realizat si studiul de fezabilitate. Cel mai probabil, ea va fi construita in Transilvania. Dar poate fi vorba si de Oltenia sau Banat. Nu cred ca vom lua in calcul zona Dobrogei”, au declarat marti pentru NewsIn surse din cadrul Ministerului Economiei si Finantelor.

Acest studiu de amplasare va fi scos la licitatie si realizat probabil de o companie romaneasca, au mai precizat sursele citate.


La randul sau, directorul general al Nuclearelectrica, Teodor Chirica, a declarat marti pentru NewsIn ca exista combustibil pentru aceasta centrala nucleara si ca este foarte posibil ca ea sa fie construita in Transilvania, intrucat in Dobrogea este o concentrare mare de putere energetica.
“Studiile de amplasare sunt vechi, nu mai sunt valabile, ele trebuie actualizate. Transilvania este o zona cu potential pentru amplasarea ei. Exista Muresul, Dunarea, Somesul, Oltul. In Dobrogea va fi atunci o concentrare mare de putere”, a afirmat Teodor Chirica. (NewsIn)


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Old May 6th, 2008, 10:36 PM   #9
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The second Nuclear Power Plant will be in Transilvania, and probably will use technology from AREVA



from here: http://www.evz.ro/articole/detalii-a...Transilvania/#

Quote:
A doua atomocentrală se face în Transilvania


Catalin Balan Miercuri, 07 Mai 2008


Francezii vor fi, cel mai probabil, partenerii care vor construi următoarele reactoare nucleare în România.

Petrolul este pe sfârşite, energia nucleară revine puternic în atenţia statelor europene. Aceasta este tendinţa la nivel mondial cu care România îşi doreşte să ţină pasul. În timp ce autorităţile dau ca sigură construcţia celei de-a doua centrale nucleare în România, guvernul s-a împotmolit în proiectul privind construcţia Reactoarelor 3 şi 4 de la singura noastră centrală nucleară, de la Cernavodă.


Francezii îşi fac „campanie“

„Este evident că până în 2020 este nevoie de o a doua centrală nucleară în România“, a spus, ieri, Teodor Chirica, directorul Nuclearelectrica, amintind că acest proiect va asigura 35% din energia totală necesară României.

Prompţi la aspiraţiile guvernanţ ilor români - care au discutat despre proiect şi cu preşedintele francez, Nicolas Sarkozy -, francezii de la Areva au început tatonă rile în România.

Dată ca sigură de presa franceză în proiectul celei de-a doua centrale nucleare de la noi, Areva i-a reunit la Bucureşti pe nepotul lui Marie Curie (cercetătorul care a descoperit radioactivitatea - n.r.), pe ambasadorul Franţei şi pe directorul ştiinţific al companiei. „României îi trebuie a doua centrală pentru că cererea de energie este permanent în creştere, iar energia fosilă va fi substituită“, a spus Philippe Garderet, directorul ştiinţific al Areva, amintind că Franţa poate investi în România inclusiv în exploatarea combustibilului nuclear (a uraniului - n.r.).

Cel mai probabil, noua centrală va fi amplasată în Transilvania, în apropierea râurilor Mureş, Someş sau Olt, potrivit şefului Nuclearelectrica. „Regiunea Dobrogei este prea aglomerată pentru un asemenea proiect. Deja Cernavodă are o capacitate de 2.400 MW, centrala de la Brăila va avea 800 MW, 2.000 MW vor fi instalaţi în energie eoliană, iar Oil Terminal îşi va face centrală electrică“, a spus Chirica. A doua centrală nucleară va avea o putere de aproximativ 1.200 MW şi nu va mai folosi tehnologia Candu, cu care sunt construite reactoarele de la Cernavodă.

În această vară vor fi refăcute studiile de amplasament pentru centrala nucleară, adică vor fi refăcute cele începute în anii ’80 care recomandau amplasamentul centralei în zona Făgăraş şi a râului Siret.


Areva, constructorul energiei nucleare

Compania Areva este cel mai important constructor de centrale nucleare din lume. Aflată în portofoliul statului, compania a fost fondată în 2001, prin fuziunea a cinci parteneri - Areva T&D, Cogema, Framatome, ANPTechnicatome şi FCI. Areva îşi vinde produsele în peste 100 de ţări, iar în 43 de ţări a participat la construcţia diferitelor obiective. Practic, compania franceză cu 65.000 de angajaţi este „motorul“ guvernului francez de extindere în domeniul nuclear. Franţa este a doua ţară din lume „bogată“ în reactoare nucleare (59 de reactoare, în timp ce SUA are 104 reactoare - n.r.) şi are proiecte de construcţie de centrale nucleare din Emiratele Arabe până în Finlanda. Luna trecută, premierul Tăriceanu a convenit cu omologul francez să sprijine companiile franceze care investesc în România.


Reactoarele 3 şi 4, ca la teatru

Proiectul construcţiei Reactoarelor 3 şi 4 de la Cernavodă s-a împotmolit la final, pentru că statul a schimbat regulile jocului. Guvernul a anunţat că doreşte să deţină peste 50% din compania de proiect, în condiţiile în care toate cele şapte companii partenere urmau să aibă părţi egale, în jurul a 15%. Surse din executiv spun că proiectul de act normativ, de înfiinţare a companiei, a trebuit schimbat, iar acum este în circuitul ministerial de avizare.

Strategia pe care o adoptă statul nu e neapărat o carte câştigă toare. CEZ, compania cehă care participă la proiect, a declarat încă de luna trecută că negocierile pentru 3 şi 4 sunt „îngheţate, pentru că guvernul a introdus noi termeni în negociere“.

La acea dată, autorităţile române au contrazis poziţia CEZ, însă acum recunosc acest lucru. Mai mult, Nuclearelectrica îşi pune problema ca un partener din proiect să renunţe: „Alte două companii europene sunt interesate să dezvolte Reactoarele 3 şi 4 în eventualitatea retragerii unuia dintre investitorii actuali“, potrivit lui Teodor Chirica, directorul Nuclearelectrica.
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Old May 8th, 2008, 04:01 PM   #10
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E.ON and Enel to build 1 billion thermal power plant in Braila

Business Standard
08/05/2008

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E.ON si Enel parteneri la Braila
08 mai 2008
Termoelectrica a inceput saptamana aceasta negocierile cu consortiul format din Enel si E.ON pentru formarea unei societati mixte care sa realizeze la Braila o centrala noua de producere a energiei, in valoare de un miliard de euro, potrivit directorului general al companiei, Ioan Ungureanu. Constructia unitatii de la Braila de 800 MW va fi realizata de o firma mixta, compusa din Termoelectrica si consortiul format din E.ON Kraftwerke (Germania) si Enel (Italia). Compania romaneasca de stat va detine participatia minoritara. (Mediafax)
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Old May 8th, 2008, 04:25 PM   #11
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Quote:
Reactoarele 3 şi 4, ca la teatru

Proiectul construcţiei Reactoarelor 3 şi 4 de la Cernavodă s-a împotmolit la final, pentru că statul a schimbat regulile jocului. Guvernul a anunţat că doreşte să deţină peste 50% din compania de proiect, în condiţiile în care toate cele şapte companii partenere urmau să aibă părţi egale, în jurul a 15%. Surse din executiv spun că proiectul de act normativ, de înfiinţare a companiei, a trebuit schimbat, iar acum este în circuitul ministerial de avizare.
call me ... communist ... but I agree with this sort of arrangement when it comes to ... energy (nowadayzzzzzzzzzz )
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Timpul pentru Unire niciodată nu va veni de la sine, dacă nu-l vom face şi aduce fiecare dintre noi, cei care ne dorim Unirea cu adevărat.
“DACĂ VISUL UNORA A FOST SĂ AJUNGĂ ÎN COSMOS, EU VIAŢA ÎNTREAGĂ AM VISAT SĂ TREC PRUTUL” (GRIGORE VIERU)
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Old May 8th, 2008, 04:28 PM   #12
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Yes, but I think it was a mistake to first ask for 15% and then for 50%. Anyway, I also think the state should control at least the NP production, but that should have been established from the get-go. However, despite CEZ leaving, others will fill in the blanks. And the Ro state will probably get 50%. There'll be a big hunger for energy in the medium future, as it is now an unexpected hunger for oil and gas.
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Old May 8th, 2008, 04:36 PM   #13
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yep ... state (majority) control on energy is (unfortunately) a must. I'd go for state-regulated market (procedures) only. But considering our corrupt society is better to have % control rather than (a) regulatory (regulator) system/control - this would be easy(er) to loose (control)
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Timpul pentru Unire niciodată nu va veni de la sine, dacă nu-l vom face şi aduce fiecare dintre noi, cei care ne dorim Unirea cu adevărat.
“DACĂ VISUL UNORA A FOST SĂ AJUNGĂ ÎN COSMOS, EU VIAŢA ÎNTREAGĂ AM VISAT SĂ TREC PRUTUL” (GRIGORE VIERU)
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Old May 8th, 2008, 06:06 PM   #14
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Petrom posts record profit in first quarter: 265 million euros

Ziarul Fianciar
08/05/2008

Quote:
Petrom posts record profit in first quarter: 265 million euros

Petrom Bucharest (SNP), the largest company in Romania, posted record net profit in the first quarter, 977 million RON (265 million euros), 156% higher in RON than in the same time of last year, given that oil price has reached new record highs on international markets this year, recently overshooting the 120 dollar/barrel mark.

Petrom's business went up by 35% during the same interval, to 3.72 billion RON (1.01 billion euros).

The increase was exclusively generated by the exploration and production segment, where Petrom posted EBIT worth 1.094 billion RON (297 million euros), 74% higher than in the January-March 2007 period, despite the 1% decline in total output, to 17.57 million barrels. The largest investments Petrom made in the first quarter were directed to this segment, as well.

The average price realised by Petrom from the sale of oil in the first quarter stood at 85.15 dollars/barrel, an increase of 76% on the first quarter of 2007 The increase in RON stood at 66% from 126 RON/barrel to almost 210 RON/barrel, given that the RON has gained 4% on the American currency over the past year.

During the same period, domestic production costs went up 11% in dollars and 6% in RON, from 15.4 dollars (39.8 RON) per barrel, to 17.08 dollars (42.09 RON) per barrel.

"The good results in the first quarter in 2008 are due to the favourable oil price on the international markets and to the progress of the restructuring and upgrade programmes. The re-launch programmes on the Exploration and Production segment have started to pay off, and the integration of the recently acquired oil services of Petromservice in the new E&P Services unit is going as scheduled and will help boost efficiency of the Exploration and Production activity," stated Mariana Gheorghe, general manager of Petrom.

Out of the over 2 billion RON (545 million-euro) investments conducted by Petrom in the first quarter, investments in exploration and production amounted to 1.76 billion RON (almost 480 million euros), more than four times higher than in the same time in 2007. Total investments scheduled for this year on this segment amount to more than 1 billion euros.

The company is investing in exploration and product to maximise production in Romania, by redeveloping the main 50 deposits and upgrading drills, as well as to cut costs, by reintegrating the oil service unit taken over from Petromservice, company officials say.

The high oil price, however, does have a negative effect on the refining margins Petrom derives from oil processing, which fell from 4.33 dollars/ barrel in the first quarter of 2007 to 0.65 dollars/barrel in the same time of 2008.

The decline in refining margins was, however, offset by the reassessment of the petroleum product stocks, given the increase in pump prices. EBIT from refining and marketing fell to 118 million RON (32 million euros), from 300 million RON (90 million euros).


Sursa: www.zf.ro/articol_171506

PETROM's getting closer to 1 billion EUR in profit this year!!!!!!!
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Old May 8th, 2008, 07:50 PM   #15
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Continental Wind Partners to invest €1.5 bln in wind energy in Romania

Business Standard


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Continental Wind Partners to invest €1.5 bln in wind energy in Romania


Continental Wind Partners (CWP) investment fund, specialized in renewable energy in Central Europe, plans to develop wind energy production capacities exceeding 1,000 MW installed power, with investments worth €1.5 billion, according to the fund’s CEO, Adam de Sola Pool, for Business Standard.

“We are also interested in renewable energy from sources other than wind on the Romanian market, and are considering hydro energy, biomass and even solar energy. We have not yet decided on anything specific in this regard,” added de Sola Pool.

The fund has already been granted authorization for a 345 MW project in the southern Romanian Dobrogea area, and is currently looking for financing for the project.

De Sola Pool said the financing process for wind energy units is difficult, partly because of the lack of a sustainable legislative system on renewable energy. Several investors have complained about the lack of support from the Romanian state for “green” energy.

According to energy market sources, CWP is discussing with several local and international companies a partial sale of the 345 MW project, estimated to be worth some €500 mln. The fund’s CEO said CWP is not going to sell the project, but is trying to sell shares thereof. CWP intends to remain part of the project, de Sola Pool emphasized.

Several other renewable energy projects were recently announced in Romania. State-owned electricity transportation company Transelectrica has given the go-ahead for three wind energy projects with a total capacity of 600 MW, for CWP and businessman Emanuel Muntmark.
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Old May 8th, 2008, 07:52 PM   #16
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ALRO to invest 1.2 billion $ in a thermal power plant

Business Standard
09/05/2008


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Centrala Alro, 1,2 mld. dolari


Alro Slatina va investi pana la 1,2 miliarde dolari pentru contructia termocentralei de la Turnu Magurele, care, cel mai probabil, va functiona cu carbune de import, a anuntat vicepresedintele companiei, Marian Nastase. “Prospectam piata pentru a gasi un furnizor de carbune, iar acesta garantat va fi adus din import”, a explicat Marian Nastase. Prin constructia centralei de 1.000 MW, Alro va castiga independenta energetica de care are nevoie, iar excedentul de energie va fi scos pe piata. “Evident ca va ramane o cantitate de energie, pe care o vom comercializa pe piata. (O.L.)
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Old May 8th, 2008, 10:15 PM   #17
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everybody is building power plants. It would be so much easier to finish the nuclear reactors or build another one and get rid of all the fuss.
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Old May 8th, 2008, 10:18 PM   #18
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The power plants above are privately driven. Companies build their own plants to make money from selling electricity or using for self-consumption purposes (Alro). NPPs are driven mainly by the state and take longer to built because of financing/security/regulatory issues.

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Old May 9th, 2008, 05:22 PM   #19
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Prospectiuni Bucuresti to expand in Dubai and Irak

The company is specialized in geological and geophysical drilling for oil and gas.


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Prospecțiuni București vrea să se extindă în Dubai
Vineri, 09 Mai 2008


Firma Prospecțiuni București, controlată de omul de afaceri Ovidiu Tender, intenționează să își deschidă o filială în Dubai, în vederea extinderii pe piața internațională a serviciilor de profil.


Propunerea de extindere a Prospecțiuni București, specializată în lucrări geologice și geofizice pentru descoperirea zăcămintelor de hidrocarburi, va fi discutată de acționari în data de 10 iunie, se arată în convocatorul adunării generale transmis, ieri, pieței Rasdaq. "Piața internă este una limitată. Activitatea de pe teritoriul țării noastre o acoperim în totalitate. Dezvoltarea internațională e prioritatea noastră numărul unu", a declarat Ovidiu Tender pentru The Money Channel. Cifra de afaceri a companiei va crește cu 50% în 2008 după deschiderea filialei din Dubai, estimează Tender.



Compania are, de asemenea, în plan pentru anul 2008 extinderea lucrărilor în partea de nord a Irakului. Tender susține că cereri sunt din partea mai multor țări, însă compania va elimina de pe lista obiectivelor anumite proiecte din cauza lipsei forței de muncă. "Suntem solicitață în Libia, în Arabia Saudită, însă suntem limitați nu atât de partea investițională, cât de forța de muncă", a mai spus Tender la The Money Channel. Creșterea numărului de cereri pentru Prospecțiuni București vine în primul rând ca urmare a creșterii prețului țițeiului. "Majorarea prețului atrage după sine o grabă a operatorilor, a proprietarilor de resurse pentru exploatare. Avem cereri din ce în ce mai mari pentru că numărul companiilor de profil la nivel mondial este prea mic", mai spune Tender.



Cu toate acestea, omul de afaceri Ovidiu Tender nu se așteaptă la creșteri majore de acum înainte la prețul țițeiului. "Puțină lume își imagina că se va ajunge aici. Prea mult nu va putea să crească, mai ales că în curând vor apărea și alternative. E aproape de un maxim posibil, dacă nu cumva chiar a atins maximul", a mai spus Tender.



Tender deține, prin Tender SA, 70,95% din acțiunile Prospecțiuni. Alți acționari sunt SIF Muntenia (11,86%) și MEI Roemenie EN Bulgarije Fonds NV (4,75%).


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Old May 11th, 2008, 10:08 PM   #20
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Irish energy group set to exploit oil fields

The Diplomat
May 2008


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Irish energy group set to exploit oil fields

Irish company Blackstairs Energy has entered the Romanian market after winning auctions to exploit seven oil fields, previously owned by power producers Petrom and Romgaz.

The auctions were organised by the National Agency for Mineral Resources (ANRM) for a total of 15 oil perimeters. The concession rights for the other eight oil perimeters were obtained by Fora Energy (Cyprus), Expert Petroleum (Jordan), Sigma Energy Craiova, Foraj Sonde Craiova and Brent Oil.
The Romanian National Agency for Mineral Resources will put up for sale another 11 such fields this autumn.

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