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Romanias OMV Petrom Plans Secondary Listing in London

Romania's OMV Petrom Plans Secondary Listing in London

Τετ, 26 Αυγούστου 2015 - 18:48

Romania's top oil and gas group OMV Petrom said on August 19 it plans to list its shares on the London Stock Exchange via global depository receipts (GDRs).OMV Petrom's shareholders will vote on the proposal at an extraordinary general meeting scheduled forSeptember 22, the company said in a statement filed with the Bucharest Stock Exchange

Bulgarian PM Points to Trans-Caspian Pipeline as Step Towards Energy Diversification

Bulgarian PM Points to Trans-Caspian Pipeline as Step Towards Energy Diversification

Τετ, 26 Αυγούστου 2015 - 18:47

Bulgarian Prime Minister Boyko Borisov pointed to the Trans-Caspian gas pipeline as a possible step towards the achievement of greater energy diversification. Borisov stated this during his meeting with the President of Turkmenistan Gurbanguly Berdimuhamedow in Ashgabat on Tuesday, the government's press service informs. The Trans-Caspian pipeline is projected to transfer natural gas from Turkmenistan to Azerbaijan

Romania Loses Trial With German Group E.On, Will Pay EUR 2 Mln

Romania Loses Trial With German Group E.On, Will Pay EUR 2 Mln

Δευ, 24 Αυγούστου 2015 - 17:08

The Romanian state will have to pay the German energy group E.On EUR 2 million compensation. The amount represents the legal costs of a dispute that Romania has filed at the arbitration court in Paris against the company, which it lost

Sputnik: Greece Attempting to Become Energy Centre in Europe

Sputnik: Greece Attempting to Become Energy Centre in Europe

Δευ, 24 Αυγούστου 2015 - 17:07

Greece is attempting to become an energy centre in Europe in order to make its contribution to cooperation between countries, Greek Minister of Productive Reconstruction, Environment and Energy Panos Skourletis told Sputnik

Russias Novatek to Sell 10 Pct in Yamal to Chinese Fund

Russia's Novatek to Sell 10 Pct in Yamal to Chinese Fund

Δευ, 24 Αυγούστου 2015 - 17:04

Russia's second-biggest gas producer Novatek is close to selling a 9.9 percent stake worth an estimated $900 million in its Yamal liquefied natural gas project to a Chinese investment fund, Kommersant business daily reported on Monday

Bulgaria, Romania Seek New Builder for Giurgiu-Ruse Gas Pipeline Section

Bulgaria, Romania Seek New Builder for Giurgiu-Ruse Gas Pipeline Section

Τετ, 12 Αυγούστου 2015 - 10:16

Earlier the state owned gas companies of the two countries, Romania’s Transgaz and Bulgaria’s Bulgartransgaz, terminated the contract with the companies that were supposed to drill under the Danube River, according to reports of the Bulgarian National Radio and Romanian daily newspaper Gandul

Fitch: The Impact of Driverless Cars Could be Significant

Fitch: The Impact of Driverless Cars Could be Significant

Τετ, 12 Αυγούστου 2015 - 10:16

The impact of driverless cars on high-tech and low-tech jobs, vehicle usage, toll roads, life changing independence and even reducing car accidents could be significant. Their ultimate arrival appears likely, as they are part of an ongoing trend of increasing automobile automation

Iran Eyes Caspian, Central Asian Markets

Iran Eyes Caspian, Central Asian Markets

Δευ, 10 Αυγούστου 2015 - 10:39

Lifting of Iran sanctions will help Tehran resume its oil swap transactions with Russia, Turkmenistan, and Kazakhstan. That, in its turn, will enhance Iran’s foreign policy influence in the Caspian region

Petromanas Receives Notification of Successful Bid on Block 4 Onshore Albania

Petromanas Receives Notification of Successful Bid on Block 4 Onshore Albania

Δευ, 10 Αυγούστου 2015 - 10:37

Petromanas Energy has announced that the Albanian National Agency of Natural Resources ('AKBN') has advised that the Company, together with its joint venture partner Royal Dutch Shell, is the successful bidder for Block 4, onshore Albania, following an international auction

Romania Charges Local Lukoil Arm With Money Laundering, Tax Evasion

Romania Charges Local Lukoil Arm With Money Laundering, Tax Evasion

Πεμ, 6 Αυγούστου 2015 - 14:56

Romanian prosecutors said theyhave charged Russian group Lukoil's Romanian refinery, Petrotel Lukoil, several of its managers and employees andits majority owner, Netherlands-based Petrotel Lukoil Europe Holdings Bvatrium,with money laundering and tax evasion

Croatias Krk LNG Terminal Send-Out Capacity May Be Raised

Croatia's Krk LNG Terminal Send-Out Capacity May Be Raised

Πεμ, 6 Αυγούστου 2015 - 14:54

Croatian state-owned company LNG Hrvatska said it could consider raising the send-out capacity of the planned liquefied natural gas (LNG) terminal on the Adriatic island of Krk if interest from shippers remains as high as was expressed in the non-binding capacity booking round

Genel Energy Earnings Up

Genel Energy Earnings Up

Πεμ, 6 Αυγούστου 2015 - 14:53

Genel Energy's revenues rose to $199.3m in the six months to the end of June - up from $192.1m last time. Earnings before interest, tax, depreciation, amortisation and exploration expense increased to $158.1m from $138.0m but pre-tax profits fell to $31.4m from $70.7m

Egypt Unveils Suez Canal Extension in the Presence of François Hollande

Egypt Unveils Suez Canal Extension in the Presence of François Hollande

Πεμ, 6 Αυγούστου 2015 - 14:51

Egypt will open an expansion to the Suez Canal to great fanfare on Thursday, in the presence of the French presidentFrançois Hollande. The Suez Canal is the centrepiece of President Abdel Fattah al-Sisi’s plans to revitalise the country’s economy after years of damaging political turmoil

EBRD and EU Help Improve Water in Romania

EBRD and EU Help Improve Water in Romania

Τετ, 5 Αυγούστου 2015 - 16:51

The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) Cohesion Fund are continuing their efforts to modernise and upgrade water and wastewater services in Romania