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Kazakhstan and Hungary finalize oil volume deal, but pricing talks delay first shipments

Kazakhstan's national oil company KazMunayGaz and Hungary's MOL Group have agreed on the volume of Kazakh oil to be delivered by pipeline to Budapest,...

Romania: OMV Petrom sold its Kazakhstan assets

OMV Petrom - largest Romanian oil and gas company entered the Upstream sector in Kazakhstan in 1998. All fields are located in the Mangistau...

Romania: KazMunayGas’ IPO scheduled for 2022

Kazakhstan plans to launch an initial public offering (IPO) of national oil company KazMunayGaz in 2022, after abandoning previous plans to list the company...

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Hungarian power prices surge as weak wind drives Southeast Europe higher

Hungarian electricity prices jumped nearly 12% for Tuesday delivery, driving a broader increase across Southeast Europe as a sharp decline in forecast wind generation...

TDI financing for 58 MW Iratoșu solar plant in western Romania

TDI Renewables has secured €25.5 million in financing from Raiffeisen Bank International for its 58 MW Iratoșu solar power plant in western Romania. The...

Nuclearelectrica revises 2026 outlook as Cernavoda outages drive replacement power costs

Romanian nuclear producer Nuclearelectrica has reduced its forecast for 2026 net profit by 42.9% to €221 million. The company attributed the change to prolonged...

MMK Vilusi requests environmental screening for 35 MW solar plant in Nikšić

MMK Vilusi has applied for environmental screening for a 35 MW solar power project in western Montenegro, with the development planned for the Nikšić...

North Macedonia extends oil-supply emergency framework to April 2027

North Macedonia has prolonged its oil-supply emergency framework, with the country’s parliament extending the measure until April 20, 2027. The extension keeps government powers...