Romgaz takes over the Azomureș chemical plant, the largest fertilizer producer in Romania, after the Board of Directors gave its consent. “ROMGAZ brings to the attention of investors and the capital market the completion of the negotiations with S.C. AZOMUREȘ S.A. and the approval by the Board of Directors of ROMGAZ of the signing of […]
The consolidated net profit recorded by the Romgaz Group in Q1 2026 was 973.16 million lei, higher by 2.33%, or 22.18 million lei, compared to the same period of the previous year, according to data announced by the company. Romgaz, the largest state-controlled natural gas producer in Romania, reported a slight increase in profit of […]
Romgaz informs shareholders and investors that, following negotiations with representatives of S.C. Azomureș S.A., the parties have reached an agreement in principle on the main commercial terms of the transaction, with the object of ROMGAZ taking over the Azomureș operational activity, through a business transfer, according to a press release. “The agreement in principle reflects […]
Romgaz will be technically prepared to be in the market once the cap is lifted on April 1, the company’s CEO, Răzvan Popescu, said at a specialist conference on Monday. The company’s CEO does not yet know the volumes of gas it will have left from its own production after the mandatory allocation at a […]
Romgaz will complete the Iernut gas-fired power plant project on its own, without signing with any EPC contractor, according to sources close to the situation. The Duro Felguera performance guarantee to be executed by the company is expected to cover the costs for what remains to be done. The Iernut power plant will be completed […]
Romgaz announced the conclusion of an eight-year contract with Weatherford International, for the implementation of a digital real-time monitoring system of well parameters. According to Romgaz, this deal marks a first for Romgaz and reflects its commitment to accelerate the digital transformation and automation of production, in line with its strategic objectives. The technological solution […]
Romgaz, the main gas producer in Romania, has signed the contract for the acquisition of consultancy services for the evaluation, negotiation and acquisition of assets/assets that compete for the production activity of the Azomureș chemical plant, said the company’s general manager, Răzvan Popescu. The contract was won by a consortium formed by TUV and KPMG […]
The Caragele gas field, one of the most promising onshore fields in Romania, reached 2nd place in Romgaz production last year, Energy Minister Sebastian Burduja said on his Facebook page. Here is what Burduja wrote on Facebook: One of our strategic investments is at Caragele. In 2024, production at Caragele was 22.48% higher than in […]
OMV Petrom and Romgaz have started drilling for the development and exploitation of the Pelican Sud and Domino natural gas fields in the Neptun Deep perimeter, located 160 km offshore the Black Sea. According to a press release submitted on Tuesday, AGERPRES, the project is progressing according to plan, with the first production estimated for […]
Romgaz recorded a consolidated net profit of 3.219 billion lei in 2024, almost 15% higher, or 407.32 million lei, compared to the previous year, according to a report submitted to the Bucharest Stock Exchange on Friday. In 2023, the company had recorded a consolidated net profit of 2.812 billion lei. According to the cited source, […]
Romgaz will sell gas from the Black Sea through a transparent and non-discriminatory procedure, respecting all the provisions of the offshore law, and this procedure will be developed within the Romgaz Black Sea Limited branch, the company’s general manager, Răzvan Popescu, said on Wednesday. ‘I said that when we sell gas from the Black Sea, […]
Romgaz, Romania’s largest state-controlled gas producer, reported gas production of 4.96 billion cubic meters for 2024, up 3.64% year-on-year, according to data published by the company. The company’s gas sales rose by just 1.03% to 4.57 billion cubic meters, according to the same data. Overall, Romgaz’s hydrocarbon production (gas and condensate) increased by 4% in […]
Romgaz, the first state-controlled gas producer in Romania, has put out to tender the construction works for its first photovoltaic park. A 41 MWp photovoltaic power plant, on the land of which agriculture would also be carried out. “Construction of a dual-regime photovoltaic park in Zagăr, Mureș County” is the name of the contract put […]
Romgaz commissioned the Damianca 55 well, from the Caragele field, according to the statement of the Minister of Energy, Sebastian Burduja. “The general manager of Romgaz is in Caragele today and will put Damianca well 55 into operation. The increase in production at Romgaz is a result of the increase in production at Caragele, it […]
