Romanian Petrotel Ploiesti refinery, owned by Russian oil company Lukoil, posted a net profit of almost 66 million euros in 2016, which is 20 times higher than the one recorded in the previous year. Petrotel recorded profit for a second year in a row, after the company had previously accumulated losses of some 750 million […]
General Director of the Romanian National Mineral Resources Agency (ANRM) Sorin Gal said that the country has significant reserves of gas in areas of great depth, both onshore and offshore. Gal stressed that there are still significant resources in the deep sea, especially at depths of 4,000 to 5,000 meters, which could be extracted with […]
Russian oil company Lukoil is planning to shutdown its Petrotel oil refinery in Romania for technical revision between 25 February and 5 April 2017. Repair works in order to increase the reliability of equipment, reduce energy consumption and increase environmental safety are planned during the shutdown. Lukoil has a network of some 300 petrol stations […]