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Greece: Motor Oil reports strong profit growth in H1 2024, driven by increased sales and refinery expansion

Greek oil refiner Motor Oil reported significant profit growth in the first half of 2024. The group's consolidated EBITDA rose by 19.35% to €638.7...

Greece: Motor Oil Group completes the acquisition of ANEMOS RES

The General Assembly of Motor Oil Group approved the acquisition of 25% of ANEMOS RES by Motor Oil Group’s subsidiary MORE. Following the completion...

Oil companies in Southeastern Europe accelerate renewable energy investments

INA, OMV Petrom, Motor Oil and MOL have all revealed progress in green energy investments and projects no more than a couple of days...

Greece, Motor Oil has completed the acquisition of renewable energy business of construction group Ellaktor

The Vardinogiannis Group, which controls oil refiner Motor Oil, has completed the acquisition of renewable energy business of construction group Ellaktor . Namely, a 75...

Greece, Motor Oil has recorded earnings before interest, taxes, depreciation and amortization in H1 2021

Greek oil refiner Motor Oil said that it has recorded earnings before interest, taxes, depreciation and amortization in the first half of 2021 in...

Latest news

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,...