ECONOMY

Romanian OMV Petrom Buys Large Quantities of Electricity

Date: 22.04.2019 Author: Peter Palčec
Romanian OMV Petrom Buys Large Quantities of ElectricityPhoto: ACER

The Romanian oil and gas company OMV Petrom, the owner the Brazi gas cogeneration plant, has bought large amounts of electricity for base consumption at an average price of close to RON 300 (EUR 63)

Slovenian Petrol to Pay EUR 37.55m in Dividends

Date: 19.04.2019 Author: Peter Palčec
Slovenian Petrol to Pay EUR 37.55m in DividendsPhoto: Petrol

Shareholders of the Slovenian energy company Petrol approved on Thursday a proposal by the company’s management and supervisory board to use part of its net profit, amounting to EUR 37.55 million,

BiH’s Gas-Res Appoints New Acting Director

Date: 19.04.2019 Author: Peter Palčec
BiH’s Gas-Res Appoints New Acting DirectorPhoto: Gazprom

Ljubo Glamočić has been appointed to the position of acting director of Republika Srpska’s gas company Gas-Res, reported Capital.ba. The former assistant Minister of Industry, Energy and Mining of

Albanian Electricity Imports from January to April Amount to EUR 100m

Date: 19.04.2019 Author: Peter Palčec
Albanian Electricity Imports from January to April Amount to EUR 100mPhoto: Tomaž Klopčič

Albania has been facing high costs for electricity imports since the beginning of 2019. The prices for electricity imports in the period from January to April 2019 amounted to EUR 100 million, which

Romanian OMV Petrom Sanctioned by the National Environmental Guard

Date: 19.04.2019 Author: Peter Palčec
Romanian OMV Petrom Sanctioned by the National Environmental GuardPhoto: www.rompetrol.com

The Romanian oil and gas company OMV Petrom has been sanctioned by the National Environmental Guard for the transportation of gas and petroleum via pipelines at the Midia processing plant without

Romanian Romgaz Expects Lower Net Profit in 2019

Date: 19.04.2019 Author: Peter Palčec
Romanian Romgaz Expects Lower Net Profit in 2019Photo: Plinovodi

The Romanian natural gas producer and supplier Romgaz announced that the company expects its revenues will amount to RON 5 billion (EUR 1.05 billion) in 2019, down 4.2% compared to 2018. Thus, the

Croatian CROPEX Announces Auctions To Cover Transmission System Losses

Date: 18.04.2019 Author: Peter Palčec
Croatian CROPEX Announces Auctions To Cover Transmission System LossesPhoto: Roman Peklaj

The Croatian power exchange CROPEX announced that on 6 May 2019 auctions for the purchase of energy to cover transmission system losses in the years 2020, 2021 and 2022 will be organised via the

Unit 3 of Serbian Kostolac TPP Receives Building Permit

Date: 18.04.2019 Author: Peter Palčec
Unit 3 of Serbian Kostolac TPP Receives Building PermitPhoto: Alenka Žumbar

A licence for the boiler turbine and generator of the new 350 MW unit 3 of the Serbian Kostolac B thermal power plant (TPP) has been issued, which should accelerate the construction of this new unit,

Serbian Čibuk and Kovačica Wind Parks to Start Operation in 2019

Date: 18.04.2019 Author: Peter Palčec
Serbian Čibuk and Kovačica Wind Parks to Start Operation in 2019Photo: www.siemens.com

A 104 MW wind park will soon be completed in the small town of Kovačica in the northern Serbian province of Vojvodina. It will be Serbia’s second large-scale wind energy project, one for which the

Eurohold Remains the Only Candidate for the Purchase of ČEZ's Bulgarian Assets

Date: 18.04.2019 Author: Peter Palčec
Eurohold Remains the Only Candidate for the Purchase of ČEZ's Bulgarian AssetsPhoto: Tanja Srnovršnik

The Bulgarian insurance company Eurohold remains the only potential bidder for the purchase of the Bulgarian assets of the Czech power utility ČEZ, reported Novinite.com. The company has decided to

Romanian OMV Petrom Opens New Unit to Convert LPG into Gasoline and Diesel

Date: 18.04.2019 Author: Tanja Srnovršnik
Romanian OMV Petrom Opens New Unit to Convert LPG into Gasoline and DieselPhoto: www.rompetrol.com

The Romanian oil and gas company OMV Petrom has commissioned a new Polyfuel unit within the Petrobrazi refinery, which uses innovative technology to convert LPG and low-grade light gasoline into

Serbia Gives State Guarantee for New Gas Pipeline Loan

Date: 17.04.2019 Author: Peter Palčec
Serbia Gives State Guarantee for New Gas Pipeline LoanPhoto: TAP AG

The Serbian government has adopted a draft law that will enable the Serbian state-owned gas monopoly Srbijagas to obtain a state guarantee for the EUR 70 million grant that the company will use for

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