Energy

Bucharest-listed OMV Petrom, Romania’s top oil and gas group, is set to allocate €750 million investment at Petrobrazi refinery to transform it into the first major producer of sustainable fuels in Southeast Europe. The refinery, one of the largest Romanian refineries and one of the largest in Eastern Europe, located in Prahova County, currently supplies about 30% of Romania’s fuel needs and

United Arab Emirates clean energy leader Masdar has reached a definitive agreement with Greek conglomerate GEK TERNA SA and other shareholders of TERNA ENERGY SA, with the intention to acquire initially 67% of the company’s outstanding shares at completion of the transaction, subject to regulatory approvals and other conditions. After completion of the transaction, Masdar will launch an all-cash mandatory tender offer

OMV Petrom- the largest energy company in South-Eastern Europe and the biggest issuer on the Bucharest capital market by value- and Romgaz, the largest producer and main supplier of natural gas in Romania, are cooperating to unlock the natural gas resources in the Black Sea, according to a joint statement. In case of acceptance of Romgaz’s offer by ExxonMobil, the American oil