Europe: Brent oil, TTF...

During the fourth week of June, Brent crude oil futures prices experienced a...

Europe: Electricity prices fall...

In the fourth week of June, average electricity prices declined across most major...

Europe: Electricity demand rises...

During the week of June 23, electricity demand rose across most major European...

Solar and wind energy...

During the week of June 23, solar photovoltaic (PV) energy production rose in...
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HomeSEE Energy NewsRomania: BSOG dropped...

Romania: BSOG dropped arbitrage claims against the state related to Offshore Law

Black Sea Oil & Gas, a company controlled by the American investment fund Carlyle, gives up the arbitration process against the Romanian state regarding the additional tax provided for in the Offshore Law adopted in 2018, which was later maintained when the law was amended last year.

At the beginning of April 2022, information appeared in the press that BSOG notified the Romanian state of its intention to initiate an international arbitration process at the Court of Paris against the background of the non-amendment of the Offshore Law.

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