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Romanian Investigation on Waste Oil Management Targets Toyota Dealer

Romanian Investigation on Waste Oil Management Targets Toyota Dealer

Romanian police officers carried out searches at several companies yesterday, including at Mercedes and Toyota dealers, in a tax evasion case related to waste oil management services. The prosecutors have calculated possible damages of EUR 29 million

Italy’s ENI Successfully Drills New Well Offshore Mexico

Italy’s ENI Successfully Drills New Well Offshore Mexico

Italian energy major ENI has said the company successfully drilled the Miztón-2 well, in the shallow waters of Campeche bay, offshore Mexico, boosting the estimates of the resource in place for Contractual Area 1 to over 1.4 billion barrels of oil equivalent (BOE)

Inter Fin. Corp. Loans $100M to Turkish Tupras Refinery

Inter Fin. Corp. Loans $100M to Turkish Tupras Refinery

The International Finance Corporation (IFC) granted a seven-year loan of approximately $100 million to Turkey’s oil refiner and largest industrial company, Tupras, IFC announced on Wednesday. IFC, a member of the World Bank group, granted the Ioan to support Tupras' investment plans for environmental upgrades, improvements in efficiency, and research and development activities, IFC said in the press release

Brussels Fines Lithuanian Railways €28m

Brussels Fines Lithuanian Railways €28m

Lithuanian Railways (Lietuvos geležinkeliai) has been fined €28m by the European Commission for violating the European Union’s antitrust rules

SPI Energy Buys 7.4 MW of Solar in Northern Greece

SPI Energy Buys 7.4 MW of Solar in Northern Greece

Cyprus-based SP Orange Power entered into a framework share purchase agreement on September 20, 2017. The company will acquire 100% equity interests in Thermi Sun S.A, Heliohrisi S.A., and Heliostixio, S.A, which are subsidiaries of Thermi Taneo Venture Capital Fund (TTVCF), for €16.65 million

IEA: Solar PV Grew Faster Than Any Other Fuel in 2016, Opening a New Era for Solar Power

IEA: Solar PV Grew Faster Than Any Other Fuel in 2016, Opening a New Era for Solar Power

New solar PV capacity grew by 50% last year, with China accounting for almost half of the global expansion, according to the International Energy Agency's latest renewables market analysis and forecast. For the first time, solar PV additions rose faster than any other fuel, surpassing the net growth in coal

Gazprom and Delek Ink MoU for Natural Gas Vehicle Fuel

Gazprom and Delek Ink MoU for Natural Gas Vehicle Fuel

Russian energy giant Gazprom and Israeli Delek signed an agreement to cooperate in Israel's Natural Gas Vehicle (NGV) market, Gazprom announced on Monday. The companies will jointly examine the possibilities of using natural gas as a fuel for vehicles - road, rail and water transport, as well as special equipment for agricultural, material-handling and other equipment in Israel, according to the press release

Aramco & Petronas to Enhance Petrochemical Cooperation

Aramco & Petronas to Enhance Petrochemical Cooperation

Saudi Aramco and Malaysia's oil and gas company Petronas formed a strategic partnership to enhance the value of their petrochemicals projects through the integration of refining and petrochemicals, Saudi Aramco announced on Monday. The agreement strengthens Saudi Aramco’s position and growth in southeast Asia through crude supply and world-scale downstream operations

Turkey Approves TurkStream Environ. Impact Assessment

Turkey Approves TurkStream Environ. Impact Assessment

The Ministry of Environment and Urbanization of Turkey approved the Environmental Impact Assessment (EIA) for the offshore section of the TurkStream gas pipeline project, the Russian company announced Tuesday

Romania, Bulgaria, Austria, Hungary to Complete Gas Pipeline

Romania, Bulgaria, Austria, Hungary to Complete Gas Pipeline

Romania, Bulgaria, Austria and Hungary have committed to completing the gas pipeline (BRUA) connecting their gas networks, Romanian energy minister Toma Petcu said. The four countries signed yesterday the memorandum agreement in Bucharest

15 to 18 Minutes Faster from Plovdiv to September After the Modernization of the Railway Track

15 to 18 Minutes Faster from Plovdiv to September After the Modernization of the Railway Track

You can get 15 to 18 minutes faster from Plovdiv to village of September after the modernization of the railway track. This was admitted by the passengers after the demonstration trip from Plovdiv station today. Among them were the representatives of the Austrian company Thales, the contractor of the project for modernization of signaling, security and communications systems

UK Joins Canada in Boeing-Bombardier Dispute

UK Joins Canada in Boeing-Bombardier Dispute

The British Prime Minister Theresa May criticized Boeing’s trade war on Bombardier on Thursday. She said Boeing’s legal demand for an import tax is "not the kind of behaviour we’d expect from a long-term partner.” May’s criticism comes in the aftermath of a warning by her Secretary of Defense, Michael Fallon, that the UK will review defense contracts with Boeing if the US Department of Commerce goes ahead and imposes a 220% import tariff on Canadian planes, tripling their cost

Merkel’s New Coalition Likely Won’t Sideline Nord Stream-2

Merkel’s New Coalition Likely Won’t Sideline Nord Stream-2

Despite the outcome of the hard political negotiations to form a coalition government following the re-election of Germany’s Angela Merkel to a fourth-term in power, Berlin’s policy towards the construction of the Nord Stream-2 gas pipeline from Russia to Germany will most likely remain the same

Turkey Stops Flights and Threatens Blockage of Kurdish Autonomous Region

Turkey Stops Flights and Threatens Blockage of Kurdish Autonomous Region

Turkey’s customs minister Bülent Tüfenkci warned on Wednesday that closing the border with the Kurdish Regional Government in the North of Iraq is being considered. On Friday Turkey will seize flights to Erbil, the region’s capital. The region is landlocked between Iran, Turkey, Syria, and the rest of Iraq

EU to Invest €222 Mln. on Environment, Climate Action

EU to Invest €222 Mln. on Environment, Climate Action

The European Commission (EC) has approved a €222 million investment package from the EU budget to support Europe's transition to more sustainable and low-carbon future under the LIFE program for the Environment and Climate Action, the EC announced on Thursday