NIS, since 2009, has allocated up to 900 million euros to environmental projects and business initiatives, significantly impacting Serbia’s ecological landscape, with over 130 million dedicated…
The Kazakh-Romanian Energy Investment Fund, a strategic collaboration between the Romanian government and KMG International, is on the brink of finishing an 80MW gas-fired power plant.…
OMV Petrom has secured funding from the European Commission to support the construction of two new units for the production of green hydrogen at the Petrobrazi…
Bulgarian lawmakers decided to end imports of Russian crude starting from March, following Lukoil’s statement that it may sell Bulgarian assets due to unfair laws. Lukoil’s…
Azerbaijan’s State Oil Company SOCAR is interested in purchasing the assets of the Russian company Lukoil in Bulgaria, local media reports. Local media claims that several…
Rompetrol Rafinare has invested 5.9 million euros in the overhaul of two tanks in the storage park of Petromidia refinery. The investment is part of a…
Russia may have largely lost its sway over Europe’s oil and gas market, but its position in the Balkans remains strong. The continued presence of Russian…
A Greek-North Macedonian oil pipeline, out of use over the past decade, is back on track for a reopening following approval by Macedonia’s regulatory authority. The…