Lukoil is Considering Building a Complex in Burgas for Nearly EUR 1 Billion

Lukoil is Considering Building a Complex in Burgas for Nearly EUR 1 Billion

Lukoil plans to build a complex for the production of polypropylene on the territory of "Neftochim" in Burgas, Vagit Alekperov, president and co-owner of the Russian company, told the RNB business magazine, calling the facility "a small petrochemical complex" and "modernization of the old production" without specifying the amount of the investment

Iran Says Total has 60 Days to Get US Sanctions Waiver

Iran Says Total has 60 Days to Get US Sanctions Waiver

Iran's Oil Minister Bijan Zangeneh said that France's Total has 60 days to secure a waiver from U.S. sanctions against Iran to remain as a participant in the South Pars 11 gas development project, Shana reported Wednesday

IENE’s Energy Efficiency Conference Covered Both Policy and Market Issues

IENE’s Energy Efficiency Conference Covered Both Policy and Market Issues

With more than 100 participants from Greece and other European countries and 25 speakers and panelists IENE’s one day conference on “Investing in Energy Efficiency”, which was held in Athens last week (24/5) proved a great success as it helped to highlight the serious challenges and opportunities that are now being created in the field of energy efficiency especially in the building and industrial sector

OPEC: JMMC Reports Record Conformity Level in April

OPEC: JMMC Reports Record Conformity Level in April

The 24 OPEC and non-OPEC producing countries participating in the voluntary production adjustments continue to maintain outstanding levels of conformity to the terms of the historic ‘Declaration of Cooperation’ of December 2016, according to the Joint Ministerial Monitoring Committee (JMMC)

Rosneft, Kurdish Reg. Gov. Ink Deal for Gas Development

Rosneft, Kurdish Reg. Gov. Ink Deal for Gas Development

Russia's Rosneft and the Kurdish Regional Government (KRG) signed a gas development agreement for the KRG region on Friday during the 22nd St. Petersburg International Economic Forum

Russia's Rosneft Announces Oil Field Discovery in Iraq

Russia's Rosneft Announces Oil Field Discovery in Iraq

Bashneft International, a subsidiary of Rosneft, made a new discovery in an oil field in southwestern Iraq, Russian state-owned oil company Rosneft announced Wednesday. According to the company’s statement, the oil field named Salman was discovered as a result of drilling a first exploratory well in Block 12, an area of 7,680 square kilometers  

Serbia STARTS to Embrace Clean Energy

Serbia STARTS to Embrace Clean Energy

2018 will be a crucial year for Serbia’s energy sector as 250 megawatts from renewable sources are to be connected to the grid. The same amount again will come online in 2019. EURACTIV Serbia reports.

Solar 'Accelerating' Global Shift in Power Generation

Solar 'Accelerating' Global Shift in Power Generation

Solar energy is accelerating the transformation of the global electricity-generation sector through gains in technology innovation and price deflation, according to a report published on Monday by a U.S.-based energy policy think-tank

Turkey's LPG Imports Increase in March 2018

Turkey's LPG Imports Increase in March 2018

Turkey's liquefied petroleum gas (LPG) imports increased by 13 percent to 273 thousand tons in March 2018 compared to March 2017, according to a report by Energy Market Regulatory Authority (EMRA) released on Wednesday

Bulgaria Should Submit to Russia its Options for Belene NPP by the End of June

Bulgaria Should Submit to Russia its Options for Belene NPP by the End of June

By the end of June, the Bulgarian Ministry of Energy must provide Russia with the various options for using theBeleneNPP equipment. This is written in a summary of the talks between Russian PresidentVladimir Putinand his Bulgarian counterpart Rumen Radev in Sochi, according to Russian state news agency TASS, quoted by Actualno.com