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Bulgaria's Bulgartransgaz Opens 5.0 mln Εuro Τender for Drilling at Chiren Gas Repository

Δευ, 6 Απριλίου 2015 - 18:46

Bulgarian gas transmission system operator Bulgartransgaz said it had opened a tender for an exploratory drilling at Chiren underground gas repository an indicative value of 9.77 million levs ($5.4 million/5.0 million euro).

Montenegro Expects 3.6% Avg Annual Economic Growth by 2018

Δευ, 6 Απριλίου 2015 - 17:50

The government of Montenegro said it expects the country to post an average annual economic growth of 3.6% by 2018, down from the previous projection of 3.8%.

Greece Ready to Make IMF Payment Next Week

Παρ, 3 Απριλίου 2015 - 18:44

Greece will pay a loan tranche due on April 9 to the International Monetary Fund on time, its deputy finance minister DimitrisMardassaid today."We strive to be able to pay our obligations on time, Mardassaid. "We are ready to pay on April 9.”

Greece: Non Plus Ultra

Παρ, 3 Απριλίου 2015 - 18:39

It is a Latin expression to signify the absolute end. It means “nothing further beyond” and in three words describes the Greek situation. After two months of intensive talks between Greece and its European partners, both parties are now convinced that that they have come to the point to take the next step.

Oil and Gas Found Near Falkland Islands

Παρ, 3 Απριλίου 2015 - 18:35

British exploration companies discovered oil and gas in an offshore area north of the Falkland Islands. On 2 April, Telegraph reported that Falkland Oil and Gas, which shares the exploration area with Rockhopper and Premier Oil, said the 'Zebedee' exploration well was “better than expected.”

Falling Oil Prices Sanctions Rein in Gazprom Neft Plans

Παρ, 3 Απριλίου 2015 - 18:28

Gazprom Neft, an oil producing unit ofRussian gas monopoly Gazprom, postponed several business projects abroad as a result of low oil prices and a limitation ofavailable financing forthe oil company, First Deputy CEO Vadim Yakovlev said.

Montenegro’s Jugopetrol 2014 Net Profit Rises 4%

Παρ, 3 Απριλίου 2015 - 18:20

The net profit of Montenegrin oil products distributor Jugopetrol increased to 4.66 million euro ($5 million) in 2014 from 4.48 million euro a year ago, company data indicated.

Moldova's Imports of Oil Products Fall 0.8% in 2014

Παρ, 3 Απριλίου 2015 - 18:17

The volume of oil products imported by Moldova edged down 0.8%to 636,000 tonnes (t) in 2014, the country's energy regulator, ANRE, said on Thursday.

Montenegrin Power Utility EPCG Net Profit Rises 38% in 2014

Παρ, 3 Απριλίου 2015 - 18:15

Montenegrin state-controlled power utility Elektroprivreda Crne Gore (EPCG) said its net profit rose 38% to 34.7 million euro ($37.2 million) in 2014.

Greece Warns Funds Would Be Post Mortem After 9 April

Πεμ, 2 Απριλίου 2015 - 19:13

As Eurozone officials warn that discussions with Greece may last until the end of April before an agreement is reached, the Athens government has told its creditors it will run out of money on April 9, according to Reuters.

Double Overtime: Iran Nuclear Talks Extended Again

Πεμ, 2 Απριλίου 2015 - 19:09

With even a vague outline of anIrannuclear deal eluding their grasp, negotiators went into double overtime Wednesday night and Thursday morning in a marathon attempt to find common ground for a more important task — forging a final deal by the end of June.

Ukraine Secures 3-Month Discount Gas Deal With Russia

Πεμ, 2 Απριλίου 2015 - 19:01

Ukraine’s national oil and gas company Naftogaz and Russian gas monopoly Gazprom have signed a technical addendum to their gas supply contract, extending key elements of the Brussels-mediated “Winter Package” until the end of June 2015, Ukrainian energy officials said on April 2.

Croatian Power Utility HEP Says Hires Advisers on IPO Plans

Πεμ, 2 Απριλίου 2015 - 18:56

Croatian state-owned energy utility HEP said on Wednesday it has hired Morgan Stanley, Sberbank and the local unit of Italian lender UniCreditas advisers on plans for an initial public offering (IPO).

Montenegro Italy's A2A Reach Interim Pact on EPCG's Future

Πεμ, 2 Απριλίου 2015 - 18:50

The Montenegrin government and Italian company A2A, as major shareholders in Podgorica-based state-controlled power utility EPCG, have reached an interim agreement that will allow A2A to continue managing EPCG in the next three months, the government in Podgorica said.

Slovenia's Krsko NPP to Start Regular Shutdown on April 11

Πεμ, 2 Απριλίου 2015 - 18:46

Slovenia's sole nuclear power plant Krsko said on Wednesday it will be shut down for approximately one month starting from April 11 for a regular planned outage.

EU - Ukraine: €1.8 Bn in Supplementary Assistance

Τετ, 1 Απριλίου 2015 - 19:02

The Council of the European Union has approved the Commission'sproposalfor newmacro-financial assistance (MFA)to Ukraine. Only a few days after theEuropean Parliament's approvallast Wednesday, this paves the way for swift disbursement of up to €1.8bn in medium-term loans in 2015 (€1.2bn) and 2016 (€600m).