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OIL AND OIL DERIVATES

Secretariat Launches Public Consultation on Improving Fuel Quality

Date: 09.07.2020 Author: Peter Palčec
Secretariat Launches Public Consultation on Improving Fuel QualityPhoto: www.pixabay.com

The Energy Community Secretariat has launched a public consultation on improving fuel quality in the Energy Community. “The aim of the Fuel Quality Directive is to ensure a high level of

Romanian OMV Petrom’s Hydrocarbon Output Down 2.03% in Q2 2020

Date: 09.07.2020 Author: Peter Palčec
Romanian OMV Petrom’s Hydrocarbon Output Down 2.03% in Q2 2020Photo: Victor Habbick via FreeDigitalPhotos

The total hydrocarbon production of the Romanian oil and gas company OMV Petrom amounted to 147,300 barrels of oil equivalent per day (boe/d) in Q2 2020, down 2.03% compared to Q1 2020 and down 2.71%

Croatian Janaf to Pay Dividends of EUR 9.8 per Share

Date: 06.07.2020 Author: Peter Palčec
Croatian Janaf to Pay Dividends of EUR 9.8 per SharePhoto: Roman Peklaj

The shareholders assembly of the Croatian oil pipeline operator Janaf decided that part of the company’s profit for 2019, which amounts to HRK 74.647 million (EUR 9.88 million), will be used to pay

Global Oil Demand Unlikely to Return to 2019 Level Before 2022-2023

Date: 03.07.2020 Author: Peter Palčec
Global Oil Demand Unlikely to Return to 2019 Level Before 2022-2023Photo: Victor Habbick via FreeDigitalPhotos

“Global oil demand is unlikely to return to the 2019 demand level until 2022-2023. Global oil demand recovered by more than 15 million barrels per day (bpd) by July following the bottom recorded in

Romanian OMV Petrom Wins Tender for Oil and Gas Exploration Offshore Georgia

Date: 30.06.2020 Author: Tanja Srnovršnik
Romanian OMV Petrom Wins Tender for Oil and Gas Exploration Offshore GeorgiaPhoto: OMV Petrom

The Romanian oil and gas company OMV Petrom said on Monday that it has been selected as the winner of an open international tender held by the Ministry of Economy and Sustainable Development of

Bulgaria's Year-on-Year Power Output Down 15.5% in April

Date: 30.06.2020 Author: Tanja Srnovršnik
Bulgaria's Year-on-Year Power Output Down 15.5% in AprilPhoto: Nuvia

Production of electricity in Bulgaria amounted to 3,066 GWh in April 2020, down 21.5% compared to March 2020 and down 15.5% compared to April 2019, reported the National Statistics Institute (NSI).

EUSEW: Europe Could Become the New Global Central Market For Hydrogen Trading

Date: 29.06.2020 Author: Peter Palčec
EUSEW: Europe Could Become the New Global Central Market For Hydrogen TradingPhoto: Roman Peklaj

“The CO2 content of energy carriers and vectors such as hydrogen will become the ‘new currency’ of the energy system and the EU’s economic recovery. For this to happen, we will need a hydrogen

Croatian Government and MOL Hold First Meeting to Discuss INA’s Shares

Date: 26.06.2020 Author: Peter Palčec
Croatian Government and MOL Hold First Meeting to Discuss INA’s SharesPhoto: F. Buva

Croatia’s Minister of Environmental Protection and Energy, Tomislav Ćorić, met with the CEO of the Hungarian oil and gas company MOL, József Molnár, to discuss the further steps in the process

EBRD to Lend EUR 25m to Slovenian Petrol to Cushion COVID-19 Impact

Date: 25.06.2020 Author: Tanja Srnovršnik
EBRD to Lend EUR 25m to Slovenian Petrol to Cushion COVID-19 ImpactPhoto: Petrol

The European Bank for Reconstruction and Development (EBRD) has approved a EUR 25 million senior loan with up to a 2-year tenor to the Slovenian energy company, Petrol, to provide the liquidity

INA’s Biorefinery Project to Acquire Status of Croatian Strategic Investment Project

Date: 25.06.2020 Author: Peter Palčec
INA’s Biorefinery Project to Acquire Status of Croatian Strategic Investment ProjectPhoto: F. Buva

The Croatian gas and oil company INA is continuing the transformation process of the Sisak refinery into an industrial centre. One of the activities currently being developed on the site is a

BP Stats Review: Carbon Emissions From Energy Use Grew By 0.5% in 2019

Date: 22.06.2020 Author: Valerija Hozjan
BP Stats Review: Carbon Emissions From Energy Use Grew By 0.5% in 2019Photo: Pixabay

Growth in carbon emissions slowed in 2019 from the sharp increase seen in the previous year, as primary energy consumption decelerated and renewables and natural gas displaced coal from the energy

IEA’s Plan Proposes USD 3tn of Investments for Sustainable Green Recovery

Date: 22.06.2020 Author: Peter Palčec
IEA’s Plan Proposes USD 3tn of Investments for Sustainable Green RecoveryPhoto: Roman Peklaj

The International Energy Agency (IEA) presented the Sustainable Recovery Plan worth USD 3 trillion (EUR 2.67 trillion), which focuses on a series of measures that can be taken over the next three


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