Romania's crude oil production reached 1.46 million tonnes of oil equivalent (toe) in the first seven months of this year, a decrease of 119,600 toe (7.6%).
MOL Group reported a profit before tax of $236 million in the second quarter of 2025, marking a 56% year-on-year decrease. The company's performance was impacted by a slowing regional macroeconomic environment.
MOL Group continues to diversify its oil supply sources by importing 85,000 tonnes of CPC oil and signing a commercial agreement with KazMunayGas (KMG).
The Romanian Minister of Energy, Bogdan Ivan, said that the country's supply of fuels is stable and continuous, despite OMV Petrom's issues.
OMV Petrom registered a net profit of RON 2.08 billion (€419.7 million) in H1 2025, a 21% decrease compared to RON 2.62 billion (€528.2 million) in the same period last year.
Romania's National Energy Regulatory Authority (ANRE) has granted the establishment authorization for the upstream supply pipelines essential for natural gas production.
Oil major OMV Petrom and NewMed Energy Balkan have signed a rig contract for drilling two offshore exploration wells in the Bulgarian Black Sea.
OMV Petrom recorded a hydrocarbon production of 102,200 barrels of oil equivalent (boe) per day in Q2 2025.
Oil major OMV Petrom has announced a significant natural gas discovery in Spineni, approximately 70 km north-east of Craiova, southern Romania.
MOL Group has recorded a pre-tax profit of $546 million, marking a 23% increase compared to the same period last year.
OMV Petrom concluded the first quarter of this year with a net profit of RON 1.07 billion (€200 million), a 24% decrease compared to the same period in 2024.
Oil and gas major OMV Petrom has announced that its wind and photovoltaic projects in Romania have a combined capacity of 2.4 GW.
Romania produced 219,000 tonnes of oil equivalent (toe) in January 2025, down 4.5% compared to the same period of the previous year.
OMV Petrom has finalized a transaction with NewMed Energy Balkan to advance exploration in the Han Asparuh offshore block in Bulgaria.
Imports of crude oil totaled 6.665 million toe during the period, 313,200 toe more than in January-November 2023 (+4.9%).
Rompetrol Rafinare announces a turnover of 3.57 billion dollars and losses of 66.7 million dollars in the first 9 months of the year.
For the third quarter, the company reported a CCA operating result excluding special items of RON 1.6 billion, down 36%.
Rompetrol initiated the processes of restarting the production facilities at the Petromidia Navodari refinery, after the timely completion of the maintenance and modernization.
The government has committed to a stable tax environment for the next fiscal year, officially confirming that the VAT will not be increased.
Romania's Competition Council has conducted unannounced inspections at the headquarters of six major retail chains operating in the country's food product market.
Greenvolt Next, part of the Greenvolt Group, has completed a new photovoltaic power plant.
Rompetrol Rafinare has announced the completion of a major stage in its tank farm rehabilitation and modernisation program at the Petromidia refinery.
Fitch Ratings has decided to maintain the BBB- credit rating with a negative outlook (Investment Grade) for state-owned gas producer Romgaz.