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Romania: JT Grup Oil announces dividend distribution and share buyback

JT Grup Oil, a company involved in petroleum product distribution and port operations, has announced several significant updates. The company, currently working on a...

Serbia: 42 new oil wells enter operation

Oil production in Serbia is carried out at 870 oil and 69 gas wells in operation, on which various exploitation methods are applied. In addition...

Bulgaria: SOCAR interested to purchase Lukoil’s business

Azerbaijan’s State Oil Company SOCAR is interested in purchasing the assets of the Russian company Lukoil in Bulgaria, local media reports. Local media claims that...

Serbia, NIS launched the tender for the carrying out of expert supervision

Serbian oil company NIS launched the tender for the carrying out of expert supervision over the construction and reconstruction of facilities at the petroleum...

Romania, OMV Petrom expects that in 2022 the demand for petroleum products will increase slightly

The largest Romanian oil and gas company OMV Petrom expects that in 2022 the demand for petroleum products will increase slightly, while the sale...

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...