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Romania: Rompetrol Rafinare restarted production at the Petromidia refinery

Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), initiated the process of restarting the production facilities at the Petromidia Navodari refinery after the...

Rompetrol Rafinare recorded a 250 million euros loss in 2023

Rompetrol Rafinare, part of the KMG International Group, reported significant financial turbulence in 2023. The company's net profits turned into a $270 million (249,5...

Romania: MMT completed an oil terminal overhaul

Midia Marine Terminal (MMT), a subsidiary of Rompetrol Rafinare, has completed the scheduled turnaround of the offshore oil terminal, which started in August. The project,...

KMG close to acquiring Lukoil’s fuel network in Romania

The Kazakh state-owned group KMG, which owns the Romanian Rompetrol group, has reportedly reached an agreement with the Russian oil company Lukoil on the...

Latest news

Slovenia net generation down 13% in August as imports increase

Slovenia’s net electricity generation fell 13% year on year in August to 919 GWh. Production was also 7% lower than in July. The month’s...

Serbia launches $600 million gas network modernisation with World Bank support

Serbia has secured a $600 million World Bank framework for a gas-system overhaul. The programme is planned as a decade-long modernisation of Serbia’s gas...

Bulgargaz obtains 10-year wholesale gas licence for Serbia

Bulgargaz, the Bulgarian state-owned gas supplier, has secured a 10-year wholesale gas licence in Serbia. The permit authorises the company to conduct commercial gas...

North Macedonia generation drops 22% in July as renewables rise

North Macedonia’s gross electricity generation declined 22.3% year on year to 460,035 MWh in July, even as hydro and wind output increased. The month’s...

MVM begins foundations for 1 GW combined-cycle plant at Tiszaujvaros

Hungarian state-owned utility MVM has started foundation work on a new 1,000 MW combined-cycle gas-fired power plant at the former Tisza II site in...