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Southeast European refineries gain value as diesel imports tighten

Refineries in Croatia, Romania, Bulgaria and Serbia are gaining strategic importance as diesel supplies tighten and long-distance imports become scarce, costly or unreliable. Local production can shorten supply chains and reduce exposure to disrupted seaborne trade, while refinery operations and crude deliveries remain key to availability.

Romania: OMV Petrom to invest 2 billion euros in Petrobrazi refinery by 2030

OMV Petrom announcer an extensive modernization programme at Petrobrazi refinery in Romania. The estimated investments to produce biofuels, green hydrogen, and other products with low...

Romania: OMV Petrom to invest 750 million euros in biofuel and green hydrogen facilities

OMV Petrom will invest around 750 million euros at Petrobrazi to transform the refinery into the first major producer of sustainable fuels in the...

Romania: OMV Petrom to test a carbon capture technology at Petrobrazi refinery

OMV Petrom plans to start testing a new carbon capture and utilization technology at the Petrobrazi refinery in June. The tests are part of...

Romania: OMV Petrom to test a carbon capture technology at Petrobrazi refinery

OMV Petrom plans to start testing a new carbon capture and utilization technology at the Petrobrazi refinery in June. The tests are part of...

Romania OMV Petrom’s Petrobrazi refinery to produce green hydrogen

OMV Petrom has secured funding from the European Commission to support the construction of two new units for the production of green hydrogen at...

Latest news

BHP moves to end options on eight Serbian exploration licences

BHP has issued termination notices for its Central Timok and Borsko exploration options in eastern Serbia, returning eight licences to Mundoro Capital when the notices take effect. The miner retains separate Trstenik and South Timok agreements, while Mundoro seeks partners to fund drilling on the returned licences.

Centerra proposes nearly C$4.1 million for 9.9% Mundoro stake

Centerra Gold has agreed to buy 12.374 million newly issued Mundoro Capital shares for approximately C$4.08 million (€2.60 million), in a proposed placement that would give it a 9.9% stake. The funding would support Mundoro’s exploration and working capital as it seeks partners for projects in Serbia, but the deal has not closed.

Northstone secures commitments for about EUR1.45 million Serbia placement

Northstone Resources secured commitments for a share placement worth about EUR1.45 million to fund exploration at its Tlamino gold-silver and Timok East copper-gold projects in Serbia. The financing will support drilling and technical studies, not mine construction.

European Energy weighs up to 1 GW complex in Bulgaria

European Energy is evaluating a renewable-energy complex in Bulgaria’s Dobrich region, centred on a wind project of up to 1 GW. The concept also includes solar generation, battery storage and infrastructure for industrial users.

JANAF halts Croatian crude flows after estimated 500 cubic metre spill

Croatian oil-pipeline operator JANAF halted crude transport on part of the Sisak-Slavonski Brod route after pipeline equipment was damaged near Prvca. The spill is estimated at 500 cubic metres.