Canada's oil and gas company Sterling Resources will invest USD 500mn in two Romanian offshore Black Sea perimeters and will start production in Q4 2013, Agerpres quoted Sterling Romania's general manager, Mark Beacom, as saying at Romania Gas Forum. The Doina and Ana perimeters are expected to have an output of 3mn cubic meters per day or 1bn cubic meters per year, starting 2014. Currently, the countrys annual domestic gas consumption stands at almost 14bn cubic meters. Sterling Resources, which has already obtained the necessary exploration permits from the national mineral resources agency ANMR, will conduct drilling with two offshore rigs, take over 1,050 km of 2D seismic profiles and conduct studies for the development of the two perimeters in 2011. |
Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more
Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more
The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more