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Serbia, Reluctance of wholesale oil traders to work with companies

The reluctance of wholesale oil traders to work with majority Russian-owned companies could create problems for the Serbian oil industry when it comes to...

Romania: Authorization of outsourcing of some services by OMV Petrom

Romanian Competition Council has authorized the transaction through which OMV Petrom outsources some well intervention and repair services, operations related to oil and gas...

Croatia: JANAF’s higher dividend for 2020

At the general meeting held on 19 July, shareholders of Croatian oil transportation company JANAF approved the distribution of dividends from last year’s profit...

Romania: Decrease of hydrocarbon production at OMV Petrom

In the second quarter of 2021, hydrocarbon output of Romania’s largest oil and gas company OMV Petrom amounted to 133,700 barrels of oil equivalent...

Romania: Most profitable OMV’s refinery – Petrobrazi

The refining margin for the OMV Petrom’s refinery in Brazi was 4.27 dollars/barrel in the second quarter of this year. The refining margin calculated...

Bulgaria: Bulgartransgaz management removal

The Supervisory Board of state-owned Bulgarian Energy Holding (BEH) has decided to dismiss the management of its subsidiary – natural gas transmission system operator...

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,...