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Turkeys Turcas Petrol Opens Talks to Sell 13.5% of Refinery Project to Socar

Turkey's Turcas Petrol Opens Talks to Sell 13.5% of Refinery Project to Socar

Τετ, 12 Φεβρουαρίου 2014 - 13:19

Turkish integrated energy company Turcas Petrol [BIST:TRCAS] said its unit Turcas Rafineri Yatirimlari has started talks with Rafineri Holding, a unit of Azeri state-owned oil and gas firm Socar, on the sale of a 13.5% stake in the Star Refinery project in western Turkey.

Not Many News on the 5,000 km Iranian Turkish Gas Pipeline

Not Many News on the 5,000 km Iranian Turkish Gas Pipeline

Τετ, 12 Φεβρουαρίου 2014 - 12:08

With local elections looming in March, presidential elections later in the year and general elections in 2015, Turkish Prime Minister Tayyip Erdogan has been keen to play up his government's record of major infrastructure investment.

Croatia Supports MOL Divestment- Erste

Croatia Supports MOL Divestment- Erste

Τετ, 12 Φεβρουαρίου 2014 - 12:07

The chances are growing that MOL will divest its 49.2% INA stake to a Russian buyer, as amicable agreement with the Croatian government is further away than ever and Croatia itself supports the deal, as it would be a seller along with the Hungarian company. The transaction might be a trigger for MOL stock.

Bulgargaz Plans to Seek No Change in Q2 Gas Prices

Bulgargaz Plans to Seek No Change in Q2 Gas Prices

Τρι, 11 Φεβρουαρίου 2014 - 13:59

Bulgaria's gas monopoly Bulgargaz said on Monday it would propose that natural gas prices for local consumers remain unchanged in the second quarter of 2014.

Turkey’s Borusan Holding and German EnBW Plan 5 Separate Wind Farms

Turkey’s Borusan Holding and German EnBW Plan 5 Separate Wind Farms

Τρι, 11 Φεβρουαρίου 2014 - 13:58

Borusan EnBW Enerji, an Istanbul-based renewable energy company jointly established by Turkey’s Borusan Holding and German EnBW, has signed a deal with the Danish company Vestas Wind Systems to supply turbines to power new and existing wind farms in Turkey.

Romanian State-run Nuclear Power Company Expects its Net Profit to Fall

Romanian State-run Nuclear Power Company Expects its Net Profit to Fall

Τρι, 11 Φεβρουαρίου 2014 - 13:58

Romanian state-run nuclear power company Nuclearelectrica (SNN.RO) expects its net profit will fall sixteen-fold to 27.9 million lei (EUR6.23 million) in 2014, from a record profit of RON456.7 million envisaged for last year, largely due to lower operating income.

LNG for Coastal Shipping in Greece

LNG for Coastal Shipping in Greece

Δευ, 10 Φεβρουαρίου 2014 - 12:44

Among the solutions being examined by the coastal shipping sector for its sustainability during this difficult period is cutting fuel costs and reducing pollution through the installation of new engines that use liquefied natural gas (LNG), reports Kathimerini.

Sun Group, Turboden Plan to Build 200 MW in Geothermal Plants in Turkey

Sun Group, Turboden Plan to Build 200 MW in Geothermal Plants in Turkey

Δευ, 10 Φεβρουαρίου 2014 - 12:41

Turkish railway and green energy firm Sun Group Ltd and Italian turbogenerator systems producer Turboden have signed a letter of intent (LoI) to build two geothermal power plants with 100 megawatt (MW) capacity each at a total cost of 300 million euro ($408 million) in Turkey, local media reported on Friday.

MOL Romania has Expanded its Nation-Wide Retail Network

MOL Romania has Expanded its Nation-Wide Retail Network

Δευ, 10 Φεβρουαρίου 2014 - 12:40

MOL Romania has expanded its nation-wide retail network to 147 filling stations after the company opened four new units in Marghita (Bihor County), Eforie (Constanta County), Ilia (Hunedoara County) and Morareni (Mures County).

CEO of State Power Co NEK Steps Down

CEO of State Power Co NEK Steps Down

Παρ, 7 Φεβρουαρίου 2014 - 18:08

The chief executive officer of state-owned electricity company NEK, Yordan Zhelev, has decided to step down, energy minister Dragomir Stoynev said.

Photovoltaic Module Maker Talesun Plans to Invest in Turkey

Photovoltaic Module Maker Talesun Plans to Invest in Turkey

Παρ, 7 Φεβρουαρίου 2014 - 12:47

Photovoltaic module and panel maker Talesun joins the series of Chinese companies investing in Turkey’s solar energy sector. The company has entered into a partnership with local company Ege Trade to establish an equal share JV under the name of Talesun Anadolu Solar Enerji with the intention of planning and implementing solar energy projects in Turkey.

Croatian Fin Regulator Probes INA Over MOL Talks, Arbitration Move

Croatian Fin Regulator Probes INA Over MOL Talks, Arbitration Move

Παρ, 7 Φεβρουαρίου 2014 - 12:29

Croatia's financial regulator, HANFA, has launched a probe into the failure of local oil and gas company INA [ZSE:INA-R-A] to react to arbitration proceedings launched by Hungary's MOL against the government in Zagreb, Croatian state-run broadcaster HRT reported on Thursday.

Bulgarias BEH Says NEK, ESO Split-up Completed

Bulgaria's BEH Says NEK, ESO Split-up Completed

Πεμ, 6 Φεβρουαρίου 2014 - 15:28

Bulgarian state-owned electricity company NEK and Electricity System Operator (ESO) completed on February 4 the last phase of their split-up, regarding the unbundling of the ownership of the network and the associated assets, the Bulgarian Energy Holding (BEH) said on Wednesday.

Cyprus Allows Total E&P Offshore Seismic Tests for Natgas

Cyprus Allows Total E&P Offshore Seismic Tests for Natgas

Τετ, 5 Φεβρουαρίου 2014 - 15:34

Cyprus has awarded a license to Total E&P Cyprus Ltd., the local subsidiary of the French energy giant, to conduct seismic tests for oil and gas exploration within its offshore territory as Financial Mirror online reports. Agriculture and Natural Resources Minister Nicos Kouyialis announced that he has awarded the license for block 10 within the Cyprus Excusive Economic Zone (EEZ), as well as within "parts of blocks 6, 7 and 11."