English Edition

Romania Charges Local Lukoil Arm With Money Laundering, Tax Evasion

Πεμ, 6 Αυγούστου 2015 - 14:56

Romanian prosecutors said theyhave charged Russian group Lukoil's Romanian refinery, Petrotel Lukoil, several of its managers and employees andits majority owner, Netherlands-based Petrotel Lukoil Europe Holdings Bvatrium,with money laundering and tax evasion

Croatia's Krk LNG Terminal Send-Out Capacity May Be Raised

Πεμ, 6 Αυγούστου 2015 - 14:54

Croatian state-owned company LNG Hrvatska said it could consider raising the send-out capacity of the planned liquefied natural gas (LNG) terminal on the Adriatic island of Krk if interest from shippers remains as high as was expressed in the non-binding capacity booking round

Genel Energy Earnings Up

Πεμ, 6 Αυγούστου 2015 - 14:53

Genel Energy's revenues rose to $199.3m in the six months to the end of June - up from $192.1m last time. Earnings before interest, tax, depreciation, amortisation and exploration expense increased to $158.1m from $138.0m but pre-tax profits fell to $31.4m from $70.7m

Egypt Unveils Suez Canal Extension in the Presence of François Hollande

Πεμ, 6 Αυγούστου 2015 - 14:51

Egypt will open an expansion to the Suez Canal to great fanfare on Thursday, in the presence of the French presidentFrançois Hollande. The Suez Canal is the centrepiece of President Abdel Fattah al-Sisi’s plans to revitalise the country’s economy after years of damaging political turmoil

EBRD and EU Help Improve Water in Romania

Τετ, 5 Αυγούστου 2015 - 16:51

The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) Cohesion Fund are continuing their efforts to modernise and upgrade water and wastewater services in Romania

Italy and Iran Deepen Economic Cooperation

Τετ, 5 Αυγούστου 2015 - 16:49

After the nuclear deal between Iran and the world powers, many EU countries immediately sought to deepen their economic ties with the Middle East country

Iran Can Join TANAP to Export Gas to Europe: Azerbaijan

Τετ, 5 Αυγούστου 2015 - 16:49

Azerbaijan invitesIran tojointheTrans-Anatolian Natural Gas Pipeline (TANAP) to export its natural gas to Europe, Azerbaijan'sMinister of Economic Development,Shahin Mustafayev, said Tuesday, according to Azeri Trend News Agency

129 Exploration Licenses Granted in Turkey 74 Licenses at Off-Shore and 55 On-Shore

Τρι, 4 Αυγούστου 2015 - 17:47

The 4th Exploration – Generation Sector Briefing Meeting (SCOUT Meeting), was organised by the Petroleum Platform Association (PETFORM) in Ankara, on Tuesday, 30 June 2015. Selami İncedalcı, the Director General of the State’s Petroleum Affairs, stated that as a result of the increased exploration applications for oil and natural gas, a total of 186 applications had so far been made in the period which began in June 2014

Russia Blamed Over Turkish Stream Delay

Τρι, 4 Αυγούστου 2015 - 17:47

Turkey's Energy Minister Taner Yildiz said Tuesday thatthe delay in theTurkish Stream project is due to factors from Russia. The pipeline project tocarry Russian gas to Europe, with Turkey as a transportation hub, was caused because the Russian side was late in deliveringthe coordinates for the construction route, Yildiz said

IENE’s Annual «Energy and Development» Conference to Focus on the Role of the Energy Sector in Revitalizing Greece’s Economy

Τρι, 4 Αυγούστου 2015 - 17:45

The Institute of Energy for SE Europe (IENE) is organizing, once again in Athens, its annual National Energy Conference "Energy and Development 2015” on November 11-12, 2015. This year’s conference will focus on "The Role of the Energy Sector in Revitalizing Greece’s Economy”

EU Hopes to Conclude Trade Pact With US Next Year

Τρι, 4 Αυγούστου 2015 - 17:43

It was initially meant to be finalised this year, but now EU negotiators aim rather to conclude the trade pact with the United States in 2016, which would be “an optimistic scenario”, EU Trade Commissioner Cecilia Malmstrom said on Tuesday

Obama to Unveil Tougher Climate Change Plan

Δευ, 3 Αυγούστου 2015 - 18:02

President Barack Obama will unveil on Monday the final version of his plan to tackle greenhouse gases from coal-fired power plants, kicking off what is expected to be a tumultuous legal battle between federal environmental regulators and coal industry supporters

Bulgaria: Energy Watchdog Head Refuses to Resign Despite Pressure from Businesses

Δευ, 3 Αυγούστου 2015 - 18:00

Bulgarian energy watchdog head has said he won't step down amid calls from employers' unions which have demanded his resignation over a hike in power prices for industrial consumers. Ivanov has insisted in an interview with private national NOVA TV channel that his agency, the Commission for Energy and Water Regulation (KEVR), abode by the law by adopting last week a "transparent, fair and public" decision" on power rates