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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

Banatski Dvor expansion delays deepen Serbia’s reliance on Hungarian storage

Serbia’s Banatski Dvor underground gas storage expansion is experiencing further slippage, according to project timelines that have moved past the previously targeted end of...

Montenegro extends Sinjajevina wind project timeline to 2030

Montenegro has extended the development timetable for the 112 MW Sinjajevina I wind farm, moving the expected commercial operation target toward 2030. The revised...

Hungary granted temporary EU delay on Serbia gas capacity bundling rules

Hungary has received temporary approval from the European Commission to postpone full implementation of EU gas-capacity rules at its border with Serbia until the...

ADMIE secures equipment for €3.5bn of grid projects through 2029

Greek transmission operator ADMIE has secured equipment for projects worth about €3.5 billion, cutting procurement risk across more than half of its €6 billion...

Federation of Bosnia electricity generation up 15.8% in August as trade falls

Electricity production in the Federation of Bosnia and Herzegovina increased in August compared with August 2025, while both imports and exports declined from year-earlier...