English Edition

OPEC+ Committee Recommends No Change in Oil Output Policy at Virtual Meeting

Τετ, 1 Φεβρουαρίου 2023 - 19:03

The OPEC+ Joint Ministerial Monitoring Committee, which tracks the alliance’s compliance with its output quota, convened digitally on Wednesday. The JMMC will next meet on April 3, one delegate said

Court of Bih Annuls Ruling that State Aid for Coal Plant Tuzla 7 Was Illegal

Τετ, 1 Φεβρουαρίου 2023 - 18:59

The Court of Bosnia and Herzegovina annulled the ruling of the State Aid Council of BiH that loan guarantees for the Tuzla 7 coal power plant project were illegal. Government-controlled coal and power producer Elektroprivreda BiH pointed out the verdict voids the initial decision and that the case would be returned to the regulatory body for reconsideration

Black Sea Cables to Slake Europe’s Thirst for Energy

Τρι, 31 Ιανουαρίου 2023 - 18:19

The world’s longest and deepest undersea power and digital cable line is to be laid between the western and western shores of the Black Sea

Exxon Smashes Western Oil Majors’ Earnings Record With $56 Billion Profit for 2022

Τρι, 31 Ιανουαρίου 2023 - 18:12

Exxon Mobil posted a $56 billion profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry

Russian Oil Company Claims its Bulgarian Plant Does Not Supply Ukraine

Παρ, 27 Ιανουαρίου 2023 - 15:59

Lukoil does not supply any of its fuel from Burgas, its plant in Bulgaria, to Ukraine, the company told a Russian news agency on Wednesday

Seven EU Countries Oppose New EU Funding as Response to U.S. Subsidy Plan - Letter

Παρ, 27 Ιανουαρίου 2023 - 15:57

Plans by the European Commission to create new European Union funding for the green industry are facing mounting opposition. Seven EU countries openly rejected the idea in a letter addressed to the European Commission vice president responsible for trade, Valdis Dombrovskis. The document was signed by the Czech Republic, Denmark, Finland, Austria, Ireland, Estonia and Slovakia

Saudi Arabia’s Oil Exports Value Rises 11.8% in November 2022: GASTAT

Τετ, 25 Ιανουαρίου 2023 - 17:55

Saudi Arabia’s oil export value rose by 11.8 percent to SR9.5 billion ($2.53 billion) in November 2022, compared to the same month in 2021, according to the latest data released by the General Authority for Statistics

Bulgartransgaz to Borrow up to 49 mln Euro for Bulgaria-Serbia Gas Link

Τετ, 25 Ιανουαρίου 2023 - 17:29

Public gas grid operator Bulgartransgaz will be able to take out a loan of up to 49 million euro ($53.3 million) from Netherlands-based ING Bank to partially finance the construction of a gas interconnection with Serbia, Bulgaria's caretaker government said on Wednesday

Saudi Arabia is Open to Discuss Non-Dollar Oil Trade Settlements

Παρ, 20 Ιανουαρίου 2023 - 19:02

Saudi Arabia, the world’s largest crude oil exporter, is open to discussing oil trade settlements in currencies other than the U.S. dollar, Saudi Minister of Finance, Mohammed Al-Jadaan, told Bloomberg TV in an interview in Davos on Tuesday

Bulgartransgaz Picks Tech Energy Expansion for Chiren Above-Ground Works

Παρ, 20 Ιανουαρίου 2023 - 18:58

Bulgarian gas grid operator Bulgartransgaz said on Friday that it has signed a contract worth up to 297.8 million levs ($164.6 million/152.3 million euro) with the Tech Energy Expansion consortium for the expansion of above-ground infrastructure at Bulgaria's Chiren gas storage site