English Edition

Romania's OMV Petrom in Talks to Refinance 930 Mln Euro Credit

Πεμ, 23 Απριλίου 2015 - 19:09

Romanian oil and gas group OMV Petrom has started talks with local and foreign banks to refinance a credit line worth 930 million euro ($1 billion), local media reported.

EU Sends Gazprom Statement of Objections for Abuse of Dominance on CEE Markets

Πεμ, 23 Απριλίου 2015 - 19:07

The European Commission has sent a statement of objections to Russian gas giant Gazprom alleging that some of its business practices in eight markets in Central and Eastern Europe (CEE), including Bulgaria, constitute an abuse of its dominant market position in breach of EU antitrust rules.

OAO Gazprom’s Statement on the Adoption of the European Commission’s Statement of Objections Within Its Antitrust Investigation

Τετ, 22 Απριλίου 2015 - 18:34

On 22 April, 2015 the European Commission placed on its official website a press release informing that it had approved a Statement of Objections within the on-going antitrust investigation of OAO Gazprom’s activities in the countries of the European Union (EU).

Low Oil Prices Chill Exploration Off Norway

Τετ, 22 Απριλίου 2015 - 16:44

Addressing Arctic energy plans, IEA Executive Director Maria van der Hoeven said Norway has the experience to lead developments offshore, but tapping into frontier territory in Arctic waters carries heavy risks.

EU Economy Hopes to Drive Up Oil Prices

Τετ, 22 Απριλίου 2015 - 16:40

Hopes for steady recovery in the European economy helped lift oil prices nearly 2% in trading on April 13, with Brent trading at $58.84 per barrel.

EU Targets Gazprom for Unfair Market Practices

Τετ, 22 Απριλίου 2015 - 16:36

The European Union has opened an antitrust case against Russia’s state -controlled Gazprom energy giant amid worsening relations between Brussels and Moscow.

Global Oil and Gas Black Sea and Mediterranean: In September 2015 Athens Becomes the Centre of Global Energy Development

Τετ, 22 Απριλίου 2015 - 16:28

At a time when the energy development in the wider Black Sea, Mediterranean and South East Europe region is at its peak, the major multinational oil and gas event organiser ITE GROUP PLC, in cooperation with the exhibition organiser ROTA SA, choose Athens to hold an event (exhibition & conference) of international outreach, which will become a herald of significant development both for the region and for Greece

Tsipras Gazprom CEO Discuss Greek Stream

Τετ, 22 Απριλίου 2015 - 16:27

As European antitrust regulators are expected on April 22 to charge Gazpromwith abusing its dominance in natural gasmarkets, the CEO of the Russian gas monopoly, Alexei Miller, met in Athens with Greek Prime Minister Alexis Tsipras.

Croatian State Cos Total Gross Profit Jumps to 2.72 Bln Kuna (359.3 Mln Euro) in 2014

Τετ, 22 Απριλίου 2015 - 16:17

Croatian deputy prime minister Branko Grcic said on Tuesday that the combined gross profit of 47 fully or majority state-owned companies rose to 2.72 billion kuna ($383.7 million/359.3 million euro) last year from 587 million kuna in 2013.

Brussels Oks Temporary Rescue Aid for Romanian Energy Holding

Τετ, 22 Απριλίου 2015 - 16:13

The European Commission said on Tuesdaythat temporary rescue aid of 167 million lei ($40.2 million/37.6 million euro) to be granted by the Romanian authorities to state-owned electricity and heat producerComplexul Energetic Hunedoarais in line with EU state aid rules.