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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, The European Investment Bank announced that it will provide a 40 million euros loan to Greek oil refiner Motor Oil

The European Investment Bank (EIB) announced that it will provide a 40 million euros loan to Greek oil refiner Motor Oil, which will be...

Bulgaria can take over Lukoil refinery in case of emergency

The Bulgarian Parliament adopted the amendments to the Act on administrative regulation of economic activities, related to crude oil and petroleum products. According to the...

Greece, ELPE recorded 26 % higher EBITDA in Q2 2021

Oil refiner Hellenic Petroleum (ELPE) said that its adjusted earnings before interest, taxes and asset depreciation (EBITDA) in the second quarter of 2021 has...

Greece, Due to preparations for signing a supply contract with Elpedison, ELPE is leaving PPC

Greek oil refiner Hellenic Petroleum (ELPE), is preparing to end electricity supply contract with state-controlled Public Power Corporation (PPC) and to establish a new...

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...