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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

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...

Transelectrica to invest over €2.25bn in Romania grid upgrades through 2035

Romanian transmission system operator Transelectrica plans to invest more than €2.25 billion between 2026 and 2035 as part of a ten-year grid programme. The...

US extends Lukoil Bulgaria sanctions exemptions to April 2027

OFAC general licences extend operating room for Bulgarian assets The United States has extended sanctions exemptions covering Lukoil’s Bulgarian businesses until April 24, 2027. The...