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Romania Competition Council clears NIS Petrol acquisition by Argenta

Romania’s Competition Council has approved the acquisition of NIS Petrol by Romanian company Argenta, removing a regulatory obstacle to NIS’s planned withdrawal from the...

Serbia secures environmental approval for 113-kilometre Hungary-Novi Sad crude pipeline

Environmental impact assessment clears for Transnafta project Serbia has received environmental approval for a proposed 113-kilometre crude oil pipeline linking Hungary with Novi Sad. The...

JT Grup Oil commissions €28 million fuel terminal at Constanta Port

Constanta terminal expands storage and logistics capacity Romanian petroleum distributor JT Grup Oil has commissioned a €28 million fuel terminal at the Port of Constanta,...

Hungary plans temporary diesel excise rebate for trucks over 7.5 tonnes and buses

Hungary is preparing temporary diesel tax relief for commercial road transport operators as elevated fuel costs, weaker freight demand and competitive pressure continue to...

Carlyle exits Lukoil deal, leaving Southeast European refining and retail assets in limbo

Carlyle withdrawal changes the timetable for Lukoil’s foreign asset sale The ownership of some of Southeast Europe’s oil refining and fuel retail assets has become...

OMV Petrom refining margin rises while upstream output and gas sales fall

Third-quarter refining margin and refinery operating levels OMV Petrom reported a sharp increase in its third-quarter indicator refining margin, with the refining benchmark reaching $41.75...
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