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Romania: OMV Petrom restarts fuel production at Petrobrazi refinery after planned maintenance

Romania’s top oil and gas company, OMV Petrom, has resumed fuel production at its Petrobrazi refinery near Ploiesti after a scheduled 20-day shutdown. The...

Bulgaria: Lukoil to sell refinery to Qatari-British consortium amid EU sanctions

Russian oil giant Lukoil has announced plans to sell its majority stake in the Lukoil Neftochim Burgas refinery in Bulgaria by the end of...

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...

Serbia: Overhaul of Pancevo oil refinery nearly completed

The overhaul of the NIS Pancevo oil refinery, owned by the oil and gas company NIS, is in its final phase, according to the...

Romania: Rompetrol seeks a partner for a green hydrogen project

Rompetrol Rafinare is seeking a partner to build and operate a green hydrogen plant to decarbonise its Petromidia Refinery. The plant should be located near...

Latest news

EU recognition of Western Balkan renewable certificates could boost PPAs but not replace CBAM verification

Renewable generators in Serbia, Montenegro and other Energy Community markets could gain access to a broader European market for the environmental attributes of their...

EU reforms could restore multi-trader electricity exports while leaving contractual risks unresolved

European Union policymakers are considering changes that could make it easier for renewable electricity from neighbouring countries to qualify for actual-emissions treatment under CBAM....

Domestic industrial PPAs open new revenue opportunities for Serbian and Montenegrin renewables

Domestic industrial demand can support renewable investment and improve electricity cost predictability, but the carbon value of a power purchase agreement depends on the...

Montenegro’s electricity exporters need stronger PPAs to secure Italian market revenues

The Adriatic interconnector gives Montenegro's renewable generators access to Italian buyers, but investment returns depend on carbon treatment, delivery profiles and the fallback provisions...

Serbian renewable projects face new contractual challenges on the Hungary export corridor

Export PPAs can expand market access for wind and solar projects, but the revenue ultimately reaching developers depends on delivery rights, trading costs and...