OIL AND OIL DERIVATES

Montenegro to Produce 3,411 GWh of Electricity in 2019

Date: 12.12.2018 Author: Peter Palčec
Montenegro to Produce 3,411 GWh of Electricity in 2019Photo: Andreja Krašna

The Montenegrin government has adopted a Decision on the country’s energy balance for the year 2019, which includes predicted balances for electricity, coal, oil, petroleum products and biofuels.

Serbia Has Sufficient Gas for Households and Businesses for Winter

Date: 07.12.2018 Author: Peter Palčec
Serbia Has Sufficient Gas for Households and Businesses for WinterPhoto: Shutterstock

Serbia is not a big gas consumer, and in the Banatski Dvor gas storage facility there are about 450 million cubic metres of gas in reserve, which is about a fifth of the country’s annual needs.

Hungary and Croatia to Resolve Energy Dispute Regarding MOL’s Share in INA

Date: 06.12.2018 Author: Peter Palčec
Hungary and Croatia to Resolve Energy Dispute Regarding MOL’s Share in INAPhoto: F. Buva

Hungary’s Prime Minister, Viktor Orban, and Croatia’s Prime Minister, Andrej Plenković, stated that they have agreed on the need to resolve the dispute over the Hungarian oil and gas company

Croatia's INA Considers Acquisitions in Montenegro

Date: 04.12.2018 Author: Ana Vučina Vršnak
Croatia's INA Considers Acquisitions in MontenegroPhoto: INA

The Croatian oil and gas company INA is preparing an acquisition in Montenegro, confirmed INA's CEO, Sandor Fasimon, reported SEEbiz.

Greek Company Energean to Start Oil Research in Montenegro in Early 2019

Date: 04.12.2018 Author: Ana Vučina Vršnak
Greek Company Energean to Start Oil Research in Montenegro in Early 2019Photo: OMV Petrom

The Greek company Energean is to start seismic seabed research on two blocks in the Montenegrin municipality of Ulcinj in the first quarter of 2019, reported SEEbiz.

Bulgaria's Year-on-Year Power Output Up 5.3% in September

Date: 03.12.2018 Author: Peter Palčec
Bulgaria's Year-on-Year Power Output Up 5.3% in SeptemberPhoto: Andreja Krašna

Production of electricity in Bulgaria amounted to 3,590 GWh in September 2018, down 9.2% compared to August 2018 and up 5.3% compared to September 2017, reported Bulgaria's National Statistics

Decision Due on MOL’s Shares in Croatian INA in the Next Few Months

Date: 26.11.2018 Author: Peter Palčec
Decision Due on MOL’s Shares in Croatian INA in the Next Few MonthsPhoto: F. Buva

Croatia’s Minister of Economy, Entrepreneurship and Crafts, Darko Horvat, said on Thursday that he expects a final decision to be made in the next few months on the Croatian government’s purchase

Albania’s Primary Energy Production Down 23% in Last 5 Years

Date: 21.11.2018 Author: Tanja Srnovršnik Volarič
Albania’s Primary Energy Production Down 23% in Last 5 YearsPhoto: Alenka Žumbar

Over the last five years, primary energy production in Albania has seen a sharp fall by as much as 22.8%, shows official data. Thus, in 2017, the production of primary energy, including electricity,

Slovenian Petrol Group Records EUR 69m Net Profit in First 9 Months of 2018

Date: 19.11.2018 Author: Ana Vučina Vršnak
Slovenian Petrol Group Records EUR 69m Net Profit in First 9 Months of 2018Photo: Petrol

The Petrol Group generated an adjusted gross profit of EUR 318.8 million in the first nine months of 2018, which is a 2% increase compared to the same period of 2017. The Petrol Group’s net profit

Serbian NIS's Profit Up 8% in First 9 Months of 2018

Date: 15.11.2018 Author: Tanja Srnovršnik Volarič
Serbian NIS's Profit Up 8% in First 9 Months of 2018Photo: Arhiv NIS

The Serbian oil and gas company Naftna industrija Srbije (NIS) generated a net profit of RSD 21.7 billion (EUR 183.6 million) in the first nine months of 2018, up 8% compared to the same period in

Romania’s President Signs Offshore Law

Date: 14.11.2018 Author: Peter Palčec
Romania’s President Signs Offshore LawPhoto: INAgip

Romania’s president, Klaus Iohannis, signed the Offshore Law on Monday 12 November 2018, which sets the regulatory and fiscal framework for offshore gas exploitations in the Black Sea, reported the

The Oil and Gas Offshore Law: A Romanian Odyssey

Date: 08.11.2018 Author: Monica Cojocaru, Schoenherr Bucharest
The Oil and Gas Offshore Law: A Romanian OdysseyPhoto: Schoenherr

Debate is raging about the Romanian Offshore Law setting out the legal framework for oil and gas exploration and production in the Black Sea offshore perimeters (the ‘Offshore Law’ or the

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