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North Macedonia: Okta’s net profit declined to 3.1 million euros in 2023

Macedonia-based oil refinery Okta announced that its net profit declined by 65% in 2023 to 191.7 million denars (3.1 million euros). In the same period,...

North Macedonia, Oil refinery OKTA recorded a net profit in the amount of 10.1 million euros in 2022

North Macedonian oil refinery OKTA, owned by Greek Hellenic Petroleum recorded a net profit in the amount of 10.1 million euros in 2022, compared...

Greece, Hellenic Petroleum to change name to HELLENiQ Energy

Greek oil refiner Hellenic Petroleum (ELPE) is expected to change its name to HELLENiQ Energy Holdings after the next shareholders’ General Assembly scheduled for...

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SEE power markets 8/9 split as solar deepens midday lows while Italy keeps premium

Day-ahead electricity prices across Southeast Europe diverged sharply for delivery on Tuesday, September 8, as stronger solar supply compressed daytime values while Italy and...

Slovenia appoints GEN leadership ahead of Krško 2 nuclear project decisions

New executives at GEN energija and GEN-I Slovenia has appointed new leadership at state-owned GEN energija and electricity supplier and trader GEN-I, changing management at...

European gas rally lifts Bulgaria’s regulated September discount to €41.60/MWh

European benchmark gas prices moved above €74/MWh on Tuesday, widening the spread versus Bulgaria’s regulated September price of €41.60/MWh. The move highlights differences in...

EPCG completes major works on €26m Gvozd 2 wind expansion in Montenegro

Montenegro’s state power utility EPCG has completed most work on the second of three turbine foundations at its 21 MW Gvozd 2 wind project,...

Greece approves €2.3bn programme for island grids, renewables and storage

Greece has secured approval for a €2.3 billion programme aimed at decarbonising its islands, with Athens directing more than €2 billion towards electricity interconnections,...