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Petrotel refinery in Ploiești moves toward insolvency amid restart plans

Petrotel refinery in Ploiești is preparing to enter insolvency proceedings, with management saying the process is aimed at preserving the industrial site and creating...

Romania to Restart Petrotel Refinery Following US Waiver

Romania is poised to enhance its domestic fuel supply as plans are set in motion to restart Lukoil’s Petrotel refinery. This decision follows the...

Romania Considers Reopening Petrotel Refinery Amid Fuel Market Pressures

The Romanian Government is evaluating the potential reopening of the Petrotel refinery in Ploiesti as a strategic measure to stabilize its domestic fuel market....

Romania prepares emergency legislation to enable sale of Lukoil’s petrotel refinery

Romania is preparing special legislation to enable the sale of Lukoil’s local assets, including the Petrotel refinery, marking a shift in strategy after Energy...

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SEE power markets 8/9 split as solar deepens midday lows while Italy keeps premium

Day-ahead electricity prices across Southeast Europe diverged sharply for delivery on Tuesday, September 8, as stronger solar supply compressed daytime values while Italy and...

Slovenia appoints GEN leadership ahead of Krško 2 nuclear project decisions

New executives at GEN energija and GEN-I Slovenia has appointed new leadership at state-owned GEN energija and electricity supplier and trader GEN-I, changing management at...

European gas rally lifts Bulgaria’s regulated September discount to €41.60/MWh

European benchmark gas prices moved above €74/MWh on Tuesday, widening the spread versus Bulgaria’s regulated September price of €41.60/MWh. The move highlights differences in...

EPCG completes major works on €26m Gvozd 2 wind expansion in Montenegro

Montenegro’s state power utility EPCG has completed most work on the second of three turbine foundations at its 21 MW Gvozd 2 wind project,...

Greece approves €2.3bn programme for island grids, renewables and storage

Greece has secured approval for a €2.3 billion programme aimed at decarbonising its islands, with Athens directing more than €2 billion towards electricity interconnections,...