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Greece to Launch Major Oil Quest in Early July

Πεμ, 26 Ιουνίου 2014 - 14:23

Greece will invite major oil companies next month to conduct offshore test drillings, the government said, launching the debt-laden country’s most ambitious attempt so far to develop its untapped hydrocarbon potential.

Romania-Moldova Gas Pipeline to Become Operational at end-Aug

Πεμ, 26 Ιουνίου 2014 - 12:46

Moldova's government said on Wednesday a gas pipeline linking Romania and Moldova will be put into operation at the end of August.

IEA Study Measures Economic Benefits of Oil Stocks

Πεμ, 26 Ιουνίου 2014 - 12:45

The oil stocks that the 29 International Energy Agency member countries must maintain not only aid energy security but also save money, according to a study contained in the new IEA publication Energy Supply Security 2014. The review of member countries’ abilities to react quickly and effectively to significant energy supply disruptions valued the stockpiles’ global benefits over 30 years at about USD 3.5 trillion.

RWE Plans to Open a Branch Office in Romania

Πεμ, 26 Ιουνίου 2014 - 12:44

RWE Group, the second largest energy producer in Germany, will open a branch in Romania on Thursday. To mark the occasion, the company will organise a special debate called “The Future of Energy in Romania and Europe” with invited guests on behalf of the media and local authorities. RWE is one of Europe’s five leading electricity and gas companies.

Turkish Energy Watchdog Reacts to Fuel Prices

Τετ, 25 Ιουνίου 2014 - 13:16

Turkey’s energy watchdog has reportedly threatened fuel companies with a price ceiling if they do not cut diesel prices by 4 kuruş by June 26.

Securing Energy Supplies at Affordable Prices is on the Top of EU's Agenda

Τετ, 25 Ιουνίου 2014 - 12:45

Securing energy supplies at affordable prices, improving energy efficiency and reducing harmful emissions will be high on the agenda of the European Parliament for the coming months and years. These issues will also be discussed at the Council summit in Ypres and Brussels on 26-27 June during a week dedicated to sustainable energy and marked by hundreds of events throughout Europe.

Romania's Rompetrol Signs MOU to Buy 26% of Petromidia

Τετ, 25 Ιουνίου 2014 - 12:44

Romania's Rompetrol Rafinare Constanta will pay USD 200 million to the Romanian government for a package of 26 percent of Petromidia stock. The announcement will be made in September, with the deal happening most likely in October.

Turkey's Zorlu Enerji Plans to Set Up 24.9 MW Geothermal Plant

Τετ, 25 Ιουνίου 2014 - 12:41

Turkish energy company Zorlu Enerji [BIST:ZOREN] said on Tuesday its wholly-owned unit Zorlu Dogal Elektrik Uretim has decided to set up a 24.9 megawatt (MW) geothermal power plant in the western Turkish province of Denizli.

Bulgaria Sees Launch of Gas Link with Greece After 2017

Τρι, 24 Ιουνίου 2014 - 12:03

The construction of the Gas Interconnector Greece-Bulgaria (IGB Pipeline) is expected to be completed no sooner than 2017, Bulgarian deputy prime minister Daniela Bobeva said.

Bulgaria: All Electricity Tenders Should be Cancelled -Source

Τρι, 24 Ιουνίου 2014 - 12:02

All electricity tenders should be cancelled and no tenders should be organized a month prior to the beginning of the new regulatory period on July 1. These urgent measures have been proposed by three Bulgarian industrial associations – the Bulgarian Federation of Industrial Energy Consumers (BFIEC), the Bulgarian Association of the Metallurgical Industry (BAMI) and the Bulgarian Industrial Association (BIA), in order to restore the state of equality between electricity export/import advantages for Bulgarian and foreign buyers.

Gazprom Aims to Make Serbia's NIS an Energy Leader in the Balkan Region

Τρι, 24 Ιουνίου 2014 - 12:01

Russian and Gazprom officials have presented their "development and investment plans for NIS" to Serbian Minister of Mining and Energy Aleksandar Antić. This took place as Antić was meeting in Moscow with Gazprom Neft CEO Aleksandr Dyukov and Russian Minister of Energy Aleksandr Novak, Tanjug reported.

US Giant Westinghouse is Looking for BG Suppliers for Kozlodui

Δευ, 23 Ιουνίου 2014 - 12:35

US giant Westinghouse, assigned to construct Block VII of Bulgaria's NPP Kozloduy is evaluating Bulgarian companies, which might be included in the building works of reactor production equipment, service delivery and more, Westinghouse Europe head Mike Kirst told the Bulgarian National Radio.

Turkey Plans Incentives to Encourage Energy Efficiency

Δευ, 23 Ιουνίου 2014 - 12:33

Turkey’s investment incentive scheme is being amended to encourage energy efficiency in industrial facilities. Aiming to save around TRY 15 billion (approx. USD 7 billion) a year in energy costs in the industries of iron and steel, petrochemicals and the production of cement and ceramics, the Turkish government has introduced a new set of incentives that encourage energy saving and waste heat recovery in existing manufacturing plants.