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Bulgaria to Set up a State-owned Oil Company

Παρ, 5 Ιουνίου 2020 - 16:24

Bulgaria plans to set up a state-owned oil company, which will manage the oil and fuel depots and also build filling stations across the country, in order to increase competition and for fair prices for consumers, as the Government in Sofia has announced

OPEC, Allies to Meet on June 6: Russian Energy Ministry

Παρ, 5 Ιουνίου 2020 - 16:21

The Organization of Petroleum Exporting Countries (OPEC) and its non-OPEC oil-producing allies will meet Saturday to discuss their oil production cut agreement, the Russian Ministry of Energy said in a statement on Friday

OPEC+ May Meet Over Oil Cuts this Week if Laggards Agree to Comply: Sources

Πεμ, 4 Ιουνίου 2020 - 15:54

OPEC+ oil producers could still hold a ministerial video conference this week if Iraq and others which have not fully complied with existing oil supply cuts agree to boost their adherence, three OPEC+ sources told Reuters on Thursday

France's Voltalia Wins 140 MW Solar Park Tender in Albania - EBRD

Πεμ, 4 Ιουνίου 2020 - 15:47

French renewables company Voltalia has won a tender for the construction and operation of a 140 MW solar power plant in Albania's Karavasta coastal area supported by the European Bank for Reconstruction and Development (EBRD), the bank said

Renewables Top Cheapest Coal Competitors on Cost: IRENA

Τρι, 2 Ιουνίου 2020 - 17:21

Renewable energy is becoming increasingly cheaper than any new electricity capacity based on fossil fuels, according to a new report by International Renewable Energy Agency (IRENA) published Tuesday

Gazprom Signs Contract With Mytilineos to Supply Gas to Greece Until 2030

Τρι, 2 Ιουνίου 2020 - 17:17

Gazprom Export, a wholly-owned subsidiary of Gazprom, and Greece’s Mytilineos S.A. concluded a long-term contract for the supply of natural gas, the Russian company said. The contract provides for the delivery of gas to Greece from 2020 to 2030

Brent Oil Price up With Further OPEC Output Cut Hopes

Δευ, 1 Ιουνίου 2020 - 15:21

Brent crude oil was up by more than 6% on Monday as investors are hoping the Organization of Petroleum Exporting Countries (OPEC) will decide to make deeper crude production cuts at their meeting this week

Beo Čista Energija Starts Drawing EUR 290 Million Loan for Vinča Landfill Project

Δευ, 1 Ιουνίου 2020 - 15:18

Beo Čista Energija, the joint-venture for the implementation of Belgrade’s Vinča landfill project, has achieved financial close for a EUR 290 million loan to build and operate a 103 MW energy-from-waste facility and a demolition waste recycling unit, allowing the closure of one of the largest dumpsites still active in Europe

Haftar Oil Blockade Causes Over $4 bln. Loss for Libya

Παρ, 29 Μαΐου 2020 - 16:48

The cumulative losses resulting from the current blockades imposed by the rebel forces headed by warlord Khalifa Haftar are close to $5 billion, the country's National Oil Corporation (NOC) said, amid the conflict escalation between the UN-recognized government and warlord Khalifa Haftar's militia

US Crude Oil Stocks Rise Against Market Expectation

Παρ, 29 Μαΐου 2020 - 16:46

The US' commercial crude oil stocks vastly increased last week against the market expectation of a decline, according to data released by the country's Energy Information Administration (EIA) on Thursday

Cyprus-Greece Electricity Interconnection Through Crete Ready by December 2023

Παρ, 29 Μαΐου 2020 - 14:02

EuroAsia Interconnector, the official Project Developer of the European Project of Common Interest (PCI 3.10 Israel Cyprus Greece-Crete) warmly thanks the governments of Cyprus and Greece for their full political support. The official Project Developer has submitted to the ‘Connecting Europe Facility’ (CEF) for the implementation

Saudi, Russia Agree on Further Oil Output Coordination

Πεμ, 28 Μαΐου 2020 - 16:17

Saudi Arabia and Russia agreed to further cooperate on their oil production adjustments to rebalance the global oil market, according to an OPEC statement on Wednesday

Turkey's LNG Imports Surpass Pipeline Gas for 1st Time

Πεμ, 28 Μαΐου 2020 - 16:15

Turkey’s LNG imports in March outpaced pipelines gas imports for the first time, data from Turkey's Energy and Regulatory Watchdog (EMRA) showed Thursday