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Montenegro s  Jugopetrol 9-Mo Net Profit Rises 4.6%

Montenegro s Jugopetrol 9-Mo Net Profit Rises 4.6%

The net profit of Montenegrin oil products distributor Jugopetrol rose to 5.2 million euro ($6.6 million) in the first nine months of 2014 from some 5.0 million euro a year ago, company data indicated on Thursday

Petromanas Temporarily Suspends Molisht-1 Well in Albania

Petromanas Temporarily Suspends Molisht-1 Well in Albania

Canada-based oil and gas company Petromanas Energy said on Thursday that, in conjunction with its joint venture partner Shell, it has decided to temporarily suspend drilling at the Molisht-1 well onshore in Albania

EU Subsidy Keeps Russian Gas Coming to Ukraine

EU Subsidy Keeps Russian Gas Coming to Ukraine

The morning sun was shining at a seaside resort south of Athens where a geopolitical conference was taking place on October 31, focusing on energy security

Privatisation of Istanbuls Gas co IGDAS Begins in November

Privatisation of Istanbul's Gas co IGDAS Begins in November

The privatisation process of Turkey's largest natural gas distributor, Istanbul Gas Distribution Inc. (IGDAS), which has a $2.3 billion (1.8 billion euro) market value, will begin in November, Istanbul's mayor has announced, local media reported on Wednesday

CEZ Says EU Nod May Delay Shutdown of Bulgarian TPP Units

CEZ Says EU Nod May Delay Shutdown of Bulgarian TPP Units

Czech utility group CEZ said on Friday it may delay decommissioning some units at its Bulgarian coal-burning plant in Varna beyond the end of the year if the plant gets an exemption from EU environmental rules

Romania, Moldova Continue Talks on Gas Supply Deal

Romania, Moldova Continue Talks on Gas Supply Deal

A gaspipeline linking Romania to Moldova andaimedatreducingthe latter'sdependence onRussian gasis still not being used, twomonthsafter its launch, because the parties have so far failed toreachan agreement, Romania's largest natural gasproducer, state-controlled Romgaz,said on Tuesday

Hungary Wants to Complete South Stream Stretch by 2017

Hungary Wants to Complete South Stream Stretch by 2017

Hungary could start construction on its stretch of the South Stream gas pipeline within six months and complete the project by 2017, the chief executive of the main Hungarian participant in the project told the daily Napi Gazdasag on Monday

Sistine Chapel Illuminated as Never Before

Sistine Chapel Illuminated as Never Before

Michelangelo’s wonderful paintings in the Vatican’s Sistine Chapel are getting a second life thanks to a revolutionary new Light Emitting Diode (LED) system, funded by an EU research project called LED4ART

International Satisfecit for Ukraine Elections

International Satisfecit for Ukraine Elections

International observers gave Ukraine's parliamentary election a stamp of approval today, while Russia said it hopes the vote will ease tension by ushering in a "constructive" government

FYROM s Power consumption Falls 5.3% y/y in August

FYROM 's Power consumption Falls 5.3% y/y in August

FYROM’s electricity consumption fell 5.3% on the year to 602,178 megawatt-hours (MWh) in August, data from the country's statistics office indicated on Friday

EU Climate Summit: Will It Be Vetoed by Some Members?

EU Climate Summit: Will It Be Vetoed by Some Members?

Arriving at the Justus Lipsius venue where the EU Council summit is taking place, Poland's prime minister Ewa Kopacz was asked whether she would indeed veto the climate deal discussed by the 28 leaders