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Croatia increases purchases of crude oil from Azerbaijan by 90%

Croatia’s purchases of Azerbaijani crude oil recorded growth in the first half of 2024. In the first six months, Croatia bought 587,600 tons of crude...

Romania: OMV Petrom reports lower sales and profits in Q3 and first nine months

Romanian oil and gas company OMV Petrom reported a 43% drop in sales and a 64% drop in the net income in the third...

Bulgaria: Lukoil has to pay 750 million euros in taxes

Prime Minister Nikolay Denkov said that Lukoil would have to pay over 250 million euros in taxes, or otherwise Bulgaria will lift the exemption...

Oil prices hit their highest level since mid-April

Oil prices hit their highest level since mid-April as OPEC members agreed to extend production curbs. Jelica Putniković, chief and responsible editor of the...

Serbia: Oil price is based on the free estimate

According to data from July 31st, drivers in Serbia pay the most expensive diesel and gasoline compared to the countries of the region, and...

Serbia: Oil price is based on the free estimate, not market

According to data from July 31st, drivers in Serbia pay the most expensive diesel and gasoline compared to the countries of the region, and...

Latest news

Slovenia net generation down 13% in August as imports increase

Slovenia’s net electricity generation fell 13% year on year in August to 919 GWh. Production was also 7% lower than in July. The month’s...

Serbia launches $600 million gas network modernisation with World Bank support

Serbia has secured a $600 million World Bank framework for a gas-system overhaul. The programme is planned as a decade-long modernisation of Serbia’s gas...

Bulgargaz obtains 10-year wholesale gas licence for Serbia

Bulgargaz, the Bulgarian state-owned gas supplier, has secured a 10-year wholesale gas licence in Serbia. The permit authorises the company to conduct commercial gas...

North Macedonia generation drops 22% in July as renewables rise

North Macedonia’s gross electricity generation declined 22.3% year on year to 460,035 MWh in July, even as hydro and wind output increased. The month’s...

MVM begins foundations for 1 GW combined-cycle plant at Tiszaujvaros

Hungarian state-owned utility MVM has started foundation work on a new 1,000 MW combined-cycle gas-fired power plant at the former Tisza II site in...