OIL AND OIL DERIVATES
Croatian INA Exported One-Third of Domestic Crude Oil Production
Date: 01.06.2020 Author: Peter Palčec
Photo: F. Buva
The Croatian gas and oil company INA has exported 34% of the domestic crude oil it produced in 2019 and so far in 2020, reported SEEbiz.eu. The remainder of the domestic oil production has been
Serbian NIS Expects Drop in Profits for Q2 Due in Part to COVID-19
Date: 29.05.2020 Author: Peter Palečc
Photo: Victor Habbick via FreeDigitalPhotos
“Due to the drop in oil prices and the drastic reduction in demand for petroleum products caused by restrictive measures to prevent the spread of COVID-19, the global oil industry is operating in
IEA: Global Energy Investment to Fall 20% in 2020 Due to COVID-19
Date: 28.05.2020 Author: Tanja Srnovršnik
Photo: DhakaTribune
The COVID-19 crisis brought large swathes of the world economy to a standstill in a matter of months and, as a result, global energy investment is expected to plummet by 20% in 2020, or almost USD 400
Croatian INA Publishes MoU Signed With Janaf in 2018
Date: 28.05.2020 Author: Peter PalčecPhoto: F. Buva
The Croatian gas and oil company INA has published a memorandum of understanding that it signed with Croatia’s state-owned oil pipeline operator Janaf on 21 August 2018, according to a press release
Serbian NIS to Pay EUR 37.6m in Dividends
Date: 28.05.2020 Author: Peter Palčec
Photo: © European Communities, 2009
The Serbian oil and gas company Naftna industrija Srbije (NIS) will pay 25% of the net profit the company generated in 2019 in dividend payments. Thus, out of the RSD 17.7 billion (EUR 150.5 million)
KMGI Continues Extension of Its Fuel Network in Romania and Bulgaria
Date: 27.05.2020 Author: Peter PalčecPhoto: Victor Habbick via FreeDigitalPhotos
The oil refiner KazMunayGas International (KMGI) - the former Romanian Rompetrol Group, a subsidy of KazMunayGas (KMG), the state-owned oil and gas company of Kazakhstan - continued to expand its
Montenegrin Jugopetrol Reduces Net Loss in Q1 2020
Date: 27.05.2020 Author: Peter Palčec
Photo: © European Communities, 2009
Jugopetrol, Montenegro’s largest oil company, generated a net loss of EUR 82,186 in the first quarter of 2020, which is a significant reduction compared to the same period last year when the company
Slovenian Petrol Group’s Net Profit Up 20% in Q1 2020; 2020 Business Plan Will Not Be
Date: 25.05.2020 Author: Peter Palčec
Photo: Petrol
The Slovenian Petrol Group generated an adjusted gross profit of EUR 105.3 million in the first quarter of 2020, which is at the same level as in 2019. The Petrol Group’s net profit amounted to EUR
Bulgarian Ministry of Finance Proposes Establishment of State Oil Company
Date: 19.05.2020 Author: Tanja SrnovršnikPhoto: Victor Habbick via FreeDigitalPhotos
The Bulgarian Ministry of Finance has proposed the establishment of a state oil company which will perform all the functions of the state reserve for storage and renewal of oil reserves, reported
COVID-19 An Opportunity for Big Oil to Further Transition Through Acquisitions
Date: 15.05.2020 Author: Tanja Srnovršnik
Photo: OMV Petrom
While investments in renewables from the Big Oil companies (except Norwegian Equinor) are expected to decline over the next three years due to COVID-19, these companies are expected to pump more
IEA Slightly Revises Up 2020 Oil Demand As Lockdowns Ease
Date: 15.05.2020 Author: Tanja SrnovršnikPhoto: Victor Habbick via FreeDigitalPhotos
The International Energy Agency (IEA) has slightly revised up its 2020 oil demand outlook compared to a month ago. Due to “better than expected mobility in OECD countries and the gradual easing of
Romanian Romgaz Looking to Diversify Its Energy Investments
Date: 15.05.2020 Author: Peter Palčec
Photo: arhiv Energetike.NET
The Romanian natural gas producer and supplier Romgaz has launched a tender for a feasibility study aimed at exploring the opportunities to invest in wind or photovoltaic energy and biogas and
