English Edition

Albania Vows to Rescue Privatization of State Oil Company Albpetrol

Τετ, 18 Μαρτίου 2015 - 15:41

Albania's prime minister says his government is determined to conclude the troubled privatization of state oil company Albpetrol by the end of the year, in an appeal to investors to seek opportunities in the country's energy market.

Five Party Summit on Greece Before European Summit on Thursday

Τρι, 17 Μαρτίου 2015 - 18:05

Greece might not be included at the official agenda of the European Summit, Thursday and Friday, but, according to Greek sources, a five party meeting has been scheduled before the start of the summit in order to discuss the issues of liquidity and the progress of the Greek programme.

Kazakhstan China to Build Mini LNG Plants Network for Motor Vehicles

Τρι, 17 Μαρτίου 2015 - 17:59

A Chinese company is prepared to share its experience on converting public and individual motor transport to natural gas. While Kazakhstan is just discussing and making the first steps towards converting motor transport to the cleaner and more economical (compared to gasoline) natural gas, the neighbouring China has long resolved this problem.

After Failure in Brussels Iran Nuclear Talks Restart in Lausanne

Τρι, 17 Μαρτίου 2015 - 17:52

Top U.S. and Iranian diplomats returned to talks Tuesday, seeking to resolve differences blocking a deal that would curtail Iran's nuclear program and ease sanctions on the country. Among the issues they're now contending with is a Republican letter warning that any deal could collapse the day President Barack Obama leaves office.

Bosnia's Elektrodistribucija Non-Cons Net Profit Down 44% in 2014

Τρι, 17 Μαρτίου 2015 - 17:45

Bosnian power distributor Elektrodistribucija, said its non-consolidated net profit shrank to 129,600 marka ($70,000/66,300 euro) in 2014 from 231,300 marka a year earlier.

Slovenia's Petrol Plans Flat Dividend of 10.1 Euro/Share

Τρι, 17 Μαρτίου 2015 - 17:42

Slovenian energy company Petrol, said on Monday it plans to pay a gross dividend of 10.1 euro ($10.6) per share for 2014, on par with the payout for 2013.

Serbia's NIS Αwards Delayed Coker Unit Contracts to CB&I

Τρι, 17 Μαρτίου 2015 - 17:39

US energy infrastructure provider CB&I said on Monday it has signed with Serbian oil and gas company NIS a deal for the technology license and front end engineering design of a delayed coker unit at its Pancevo refinery.

Serbia's EMS Sees SEEPEX Power Exchange Launch by End-Q3

Δευ, 16 Μαρτίου 2015 - 16:45

The launch of Serbia's planned SEEPEX day-ahead power exchange is expected by the end of the third quarter this year, the director of state-owned power grid operator Elektromreze Srbije (EMS), Nikola Petrovic, said.

Bosnia's Elektrokrajina Non-Cons Net Profit Drops in 2014

Δευ, 16 Μαρτίου 2015 - 16:42

Bosnian power distribution company Elektrokrajina, said its non-consolidated net profit fell to 895,000 marka ($484,000/458,000 euro) in 2014 from 1.248 million marka a year earlier.

AES Says Bulgarian Open Market Power Prices Too Low to Offset Investments in TPP

Δευ, 16 Μαρτίου 2015 - 16:37

US company AES, which operates the Maritza Iztok 1 coal-fired plant in Bulgaria, cannot sell electricity on the open market in the country because the selling price is too low to cover its investments, AES Bulgaria's managing director said on Friday.

Nuclear Talks Start Again

Δευ, 16 Μαρτίου 2015 - 16:08

The nuclear talks between the United States and Iran started again in Switzerland, as US Secretary of State John Kerry and Iranian Foreign Minister Mohammad Javad Zarif are talking right now in a luxury hotel in the lakeside city of Lausanne.

Tsipras in Brussels to Force Juncker΄s Hand

Παρ, 13 Μαρτίου 2015 - 18:13

The Commission president Jean-Claude Juncker might be Alexis Tsipras’s onlyremainingfriend. It is anyway what the Greek primeministerseems to think, hence his decision to fly to Brussels today, where he met Juncker and alsothe speaker of the European Parliament Martin Schulz.

Hungary Claims Nuclear Deal With Russia not Blocked

Παρ, 13 Μαρτίου 2015 - 18:10

Hungary on Thursday denied media reports that the European Union has blocked a €10 billion euro nuclear deal between the EU country and Russia.

Croatia ΄s INA Says Gas Tariff Cut to Hit Revenues

Παρ, 13 Μαρτίου 2015 - 17:57

Croatian oil and gas company INA, said on Thursday the government's decision to set a new regulated price at which it sells gas to state-owned power utility HEP would have a negative effect on its revenues.

Serbia΄s EPS to Become Joint Stock Co by July 2016

Παρ, 13 Μαρτίου 2015 - 17:54

Serbian energy minster Aleksandar Antic said on Thursday state-owned power utility EPS will become by July 2016 a joint stock company as a result of its ongoing restructuring.

Croatia 's HEP 9-Mo Prelim Cons Net Profit Surges

Παρ, 13 Μαρτίου 2015 - 17:52

The consolidated net profit of Croatian state-owned power utility Hrvatska Elektroprivreda (HEP) surged to a preliminary 1.99 billion kuna ($275.7 million/260.3 million euro) in the first nine months of 2014 from 855.2 million kuna a year earlier, data of Croatia's state asset management office, DUUDI, showed on Thursday.