Browsing Tag

2017

Romania: KMG International sees record results in 2017

Oil group KMG International, which operates the biggest oil refinery in Romania, reached record results in 2017. The group’s operational result (EBITDA) went up by 20% compared to 2016, to USD 242 million. The net profit also increased…

Romania: Oil imports, up by 3.8% in 2017

Romania imported last year 7.75 million tons of oil, 3.8% more than in 2016, according to the National Statistics Institute (INS). Meanwhile, Romania’s oil production went down by 4.4% compared to 2016, to 3.42 million tons. According to…

Romania: Fuels demand up by 6.7 pct in 2017

The fuel demand increased significantly in 2017, by 6.7 percent due to economic growth of Romania and the supplementation of Romanian auto park by 630,000 cars, said Mariana Gheorghe, CEO of OMV Petrom. “The most important factor was the…

Romania: Fuels prices surged 6%, power by 12%, in 2017

Inflation climbed to 3.3% in December 2017, compared to the same month in 2016, as fuel prices up 6% and electricity prices grew by about 12%, according to the National Institute of Statistics (INS), energynomics.ro reads. The two items…

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