Romania

Romanian energy chief fired for 'arrogance'

The prime minister has fired the head of the national energy regulator for "arrogant" comments, saying they showed he was out of touch with ordinary people.

Victor Ponta said Thursday he fired Petre Lificiu after the official dismissed a five percent increase in electricity prices as insignificant.

Romania vows moratorium on shale gas extraction

Romania's new left-leaning government has pledged a moratorium on shale gas exploitation and will review a controversial Canadian plan to build Europe's largest open-cast gold mine.

Prime Minister-designate Victor Ponta also said he will respect commitments to the International Monetary Fund and increase public sector wages that were slashed by 25 percent in 2010 to meet the terms of a €20 billion($26 billion) IMF-led loan.

Chevron bows to environmental concerns over fracking in Romania

Source: 
Rigzone

Oil giant Chevron, following protests by environmentalists over fracking techniques, will use only conventional drilling techniques at its oil field in eastern Romania, Rigzone reports.

France’s Filasa plans $1 billion investment for wind parks in Romania

Source: 
Bloomberg

Filasa International, a privately-held French company, said Thursday that it is planning $1 billion) in 11 wind-parks in Romania, Bloomberg reports.

Subscribe to Romania