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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 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...