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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...

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SEE power prices jump as weekday demand returns, Serbia tops €300/MWh

Southeast European day-ahead electricity prices surged on Monday, October 19, as the return of weekday demand, weaker renewable generation forecasts and continued reliance on...

Greece unveils €200 million battery storage scheme as project pipeline grows

Greece is preparing a €200 million battery-storage support programme as the country seeks to accelerate the deployment of standalone batteries and renewable-linked storage. The...

Djerdap 3 pumped-storage: Bechtel-Enka qualifies as Serbia prepares planning

Serbia has advanced work on the proposed Djerdap 3 pumped-storage hydropower project, with a Bechtel-Enka consortium qualifying for the next stage of government negotiations....

Romania extends 25% diesel excise reduction until Oct. 31

Romania will keep a 25% reduction in diesel excise duty until Oct. 31, extending temporary relief for transport operators and other businesses. The decision...

R.Power completes 55-MW Lazuri solar plant in Romania; grid link by end-2026

Polish renewable-energy developer R.Power has finished construction of the 55-MW Lazuri solar plant in Romania’s Satu Mare county. Grid connection is expected before the...