English Edition

EBRD Will Explore Slovenia's Energy Efficiency Opportnuities

Πεμ, 27 Φεβρουαρίου 2014 - 12:40

The EBRD Board of Directors has adopted a new strategy for Slovenia which sets out the Bank’s priorities in the country for the next four years.

Croatia Eyes Start of Offshore Oil, Gas Exploration in 2015 at Latest

Τετ, 26 Φεβρουαρίου 2014 - 12:43

Exploration activities under the offshore oil and gas concessions that Croatia plans to award should start in 2015 at the latest, local media reported, quoting economy minister Ivan Vrdoljak.

European Parliament Backs Law to Cut Car CO2 Emissions

Τετ, 26 Φεβρουαρίου 2014 - 12:30

New rules designed to achieve the CO2 emission reduction target of 95g/km for new cars by 2020 were endorsed by Parliament on Tuesday. The text retains this target, albeit with a one-year “phase-in” period in 2020. It also allows “super credits”, whereby the cleanest cars in each manufacturer’s range count for more than others, to apply from 2020 to 2022.

Bulgarian Energy Efficiency and Renewable Energy Credit Line is Concluding its Operations

Τετ, 26 Φεβρουαρίου 2014 - 12:29

After 10 years of successful activities the Bulgarian Energy Efficiency and Renewable Energy Credit Line (BEERECL) is concluding its operations. Under the facility more than €150 million in loans were provided to private businesses for nearly 300 projects which involved about €230 million investment costs.

Turkey Plans 120,000 MW of Installed Capacity in 2023

Τετ, 26 Φεβρουαρίου 2014 - 12:28

The race for the development of two large coal fields in Turkey’s Kahramanmaras and Konya provinces is nearing the finish line, according to sources familiar with the matter at the Ministry of Energy and Natural Resources.

Bosnia Herzegovina: Hyrdo Power Gets Mandate to Study Mini Hydro Power Construction

Τρι, 25 Φεβρουαρίου 2014 - 15:00

The Assembly of the Municipality of Istocna Ilidza Bosnia Herzegovina unanimously adopted a decision on the signing of an Agreement of Cooperation with the English company ''Hydro Power Energy PLC'', according to which in the period to come it will be done a Study on the construction of mini hydro power plants on the river Kasindolka.

Romanian Energy Holding Oltenia to Invest 2.5 bln lei (554.3 mln euro) in Two Coal Mines

Τρι, 25 Φεβρουαρίου 2014 - 14:58

Romanian energy holding Oltenia plans to invest a combined 2.5 billion lei ($762.5 million/554.3 million euro) in the development of two coal mines in the southwestern county of Gorj, the country's economy ministry said.

Greece to Cut Solar Tariffs Retroactively in March

Τρι, 25 Φεβρουαρίου 2014 - 14:05

The Greek Energy Ministry asked RAE, the energy regulator, for one month postponement of the decision to raise the special renewables levy, in an effort to pass compensating legislative measures.

Bankers Petroleum End-2013 Oil Reserves in Albania Rise to 146.7 mln Barrels

Δευ, 24 Φεβρουαρίου 2014 - 13:15

Canadian company Bankers Petroleum said on Friday its proved reserves in the Patos-Marinza and Kucova oilfields in Albania amounted to 146.7 million barrels at the end of 2013, up by 5.0% from a year earlier.

Bulgaria: Burgas MayorAgainst Burgas-Alexandroupolis Pipeline

Δευ, 24 Φεβρουαρίου 2014 - 13:03

Bulgaria's Oresharski cabinet can expect a firm opposition against the construction of the project pipeline "Burgas-Alexandroupolis", Standart daily reports, citing the Black Sea city's mayor Dimitar Nikolov.

South Stream in Process of Selecting Contractors for Gas Pipes

Παρ, 21 Φεβρουαρίου 2014 - 13:45

The South Stream project confirmed its intention to construct a 59-kilometer gas pipeline branch to bring gas to consumers in Bulgaria,Turkey,Greece and FYROM, reads anote released on Wednesday.

Hungary's MOL to sell 49% of Russian Unit to Turkey's TPAO

Παρ, 21 Φεβρουαρίου 2014 - 13:33

Hungary’s oil major MOL said on Thursday it will sell a 49% stake in its Russia-based wholly-owned oil exploring unit BaiTex LLC to the state-owned Turkish Petroleum Corporation, TPAO, in line with its portfolio optimisation.

Oil Businesses Seem to Be Very Profitable in Romania

Παρ, 21 Φεβρουαρίου 2014 - 13:32

Most of the privatisations made in Romania in the post-Communist years are still overshadowed by more or less justified suspicions. This is also the case of Petrom – the biggest important Romanian company for oil extraction and distribution whose majority share was bought by the Austrian group OMV in 2004 for around 700 million euros.