OIL AND OIL DERIVATES

Greece Launches Tender for Privatisation of Hellenic Petroleum Group

Date: 20.04.2018 Author: Peter Palčec
Greece Launches Tender for Privatisation of Hellenic Petroleum GroupPhoto: Victor Habbick via FreeDigitalPhotos

Greece launched an international tender on Wednesday 18 April to sell a majority stake in its biggest oil refiner, Hellenic Petroleum Group, as agreed under its third international bailout, reported

Romanian Rompetrol Rafinare to Invest EUR 45.9m in Its Refineries in Romania

Date: 18.04.2018 Author: Peter Palčec
Romanian Rompetrol Rafinare to Invest EUR 45.9m in Its Refineries in RomaniaPhoto: Victor Habbick via FreeDigitalPhotos

Rompetrol Rafinare, the core asset of the oil company KMG International Group (formerly known as Rompetrol) in Romania, which operates the biggest oil refinery in the country – Petromidia, plans to

Zoltán Áldott Resigns as President of Croatian INA’s Management Board

Date: 13.04.2018 Author: Tanja Srnovršnik Volarič
Zoltán Áldott Resigns as President of Croatian INA’s Management BoardPhoto: INA

Zoltán Áldott announced on Thursday his intention to resign from the position of president of the management board of the Croatian oil and gas company INA following the general assembly meeting

Romanian OMV Petrom’s Hydrocarbon Output Down 4.70% in Q1 2018

Date: 13.04.2018 Author: Peter Palčec
Romanian OMV Petrom’s Hydrocarbon Output Down 4.70% in Q1 2018Photo: Simona Drevenšek

The total hydrocarbon production of the Romanian oil and gas company OMV Petrom amounted to 162,000 barrels of oil equivalent per day (boe/d) in Q1 of 2018, down 1.81% compared to Q4 of 2017, and down

Romanian OMV Petrom to Start Turnaround of Petrobrazi Refinery

Date: 13.04.2018 Author: Peter Palčec
Romanian OMV Petrom to Start Turnaround of Petrobrazi RefineryPhoto: Victor Habbick via FreeDigitalPhotos

The Romanian oil and gas company OMV Petrom will start works on a periodical turnaround of the Petrobrazi refinery on 13 April, states an announcement from the company on the Bucharest stock exchange.

Croatia Chooses Consultant for Purchase of MOL's Shares in INA

Date: 12.04.2018 Author: Peter Palčec
Croatia Chooses Consultant for Purchase of MOL's Shares in INAPhoto: © European Communities, 2009

An international consortium consisting of the investment bank Morgan Stanley, the Intesa Sanpaolo Group and Privredna banka Zagreb has been chosen by Croatia's goverment as financial advisor regarding

GlobalData: 81 New Oil and Gas Projects to Start Production by 2025

Date: 11.04.2018 Author: Tanja Srnovršnik Volarič
GlobalData: 81 New Oil and Gas Projects to Start Production by 2025Photo: Energetika.NET

Between 2018 and 2025, 81 new crude and natural gas projects will start operations in Europe, contributing around 1,496 thousand barrels per day (mbd) to global oil production and close to 4.7 billion

Croatian AZU Publishes Tender for Purchase of Crude Oil and Petroleum Products

Date: 11.04.2018 Author: Peter Palčec
Croatian AZU Publishes Tender for Purchase of Crude Oil and Petroleum ProductsPhoto: Victor Habbick via FreeDigitalPhotos

The Croatian Hydrocarbon Agency (Agencija za ugljikovodike – AZU) has published a tender for a procurement procedure for the optional purchase of 70,000 metric tonnes of crude oil and 45,000 metric

Serbian NIS Modernises Bitumen Facility at Pančevo Oil Refinery

Date: 04.04.2018 Author: Peter Palčec
Serbian NIS Modernises Bitumen Facility at Pančevo Oil RefineryPhoto: Victor Habbick via FreeDigitalPhotos

The Serbian oil and gas company Naftna industrija Srbije (NIS) has successfully modernised the bitumen facility at the Pančevo oil refinery, a project worth RSD 100 million (EUR 846,583.228), states

Bulgaria's Year-on-Year Power Output Down 12.2% in January 2018

Date: 03.04.2018 Author: Peter Palčec
Bulgaria's Year-on-Year Power Output Down 12.2% in January 2018Photo: www.pixabay.com

Production of electricity in Bulgaria amounted to 4,135 GWh in January 2018, up 0.5% compared to December 2017, reported the National Statistics Institute (NSI). The generation of electricity in

Croatian INA Supervisory Board Re-elects Existing Management Board

Date: 30.03.2018 Author: Peter Palčec
Croatian INA Supervisory Board Re-elects Existing Management BoardPhoto: Victor Habbick via FreeDigitalPhotos

Zoltán Áldott has been re-elected as president of the management board of the Croatian oil and gas company INA at the company’s session of the supervisory board on 28 March 2018, states a press

Shell’s New Scenario Sees World in a Net-Zero Emissions State by 2070

Date: 29.03.2018 Author: Tanja Srnovršnik Volarič
Shell’s New Scenario Sees World in a Net-Zero Emissions State by 2070Photo: Ponsulak via FreeDigitalPhotos

Royal Dutch Shell, one of the largest oil companies in the world, has outlined a “radical” new scenario for what it would take to halt climate change by 2070. The scenario, named ‘Sky’,

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