Browsing: oil market

OMV Petrom has purchased the entire capital of OMV Offshore Bulgaria, the holder of a 42.86 % stake in Khan Asparuh block, from OMV Exploration &…

In the first half of 2020, Hungarian oil and gas company MOL produced 8.2 million barrels of oil per day from Azerbaijan’s Azeri-Chirag-Guneshli (ACG) block of…

In the first half of 2020, North Macedonian oil refinery OKTA, owned by Greek Hellenic Petroleum recorded a net loss in the amount of 3.4 million…

Due to the effects of the pandemic, oil company INA has launched a restructuring program. Program is aimed to mitigate the adverse effects of the pandemic…

The acquisition is in line with Greek oil refiner Motor Oil Group strategy to increase its presence in the renewable energy segment. Motor Oil signed an…

The Russian owners of Brod refinery are working on projects, among which is electricity generation. The latest one is the construction of four small-scale solar power…

Despite the crisis caused by the pandemic, NIS will continue to invest in capital projects that will contribute to its further development, said Kiril Tyurdenev General…

Due to the coronavirus pandemic, at Hungarian oil and gas company MOL sales plummeted and the company recorded a loss in the amount of 120 million…

Compared to a profit of 450,000 euros in the same period last year, Bosnian fuel retailer Energopetrol recorded a net loss in the amount of some…

NIS recorded a net loss in the first half of 2020. NIS’ operations were strongly influenced by adverse global macroeconomic circumstances. This primarily relates to the…