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Gazprom Neft Ups Production Thanks to Arctic Iraq

Δευ, 25 Μαΐου 2015 - 14:56

Despite falling oil prices and Western sanctions against Russia over Ukraine, Gazprom Neft, the oil arm of the Russian gas monopoly, said on May 19 that crude oil production increased year-on-year, largely from the development of Arctic and Iraqi assets.

Romania's Romgaz Targets Rise in Profit Investments in 2015

Παρ, 22 Μαΐου 2015 - 18:52

Romanian natural gas producer Romgaz,targets anet profit of1.51 billion lei ($378 million/340 million euro)this year, when it plansinvestments worth 1.3 billion lei, the company said on Thursday.

Croatia's HEP Wins 12 Mln Euro Deal to Supply Electricity to Ljubljana

Παρ, 22 Μαΐου 2015 - 18:50

Croatian energy utility HEP said on Thursday it has signed acontract worth 12 million euro ($13.4 million)to supply the Slovenian capital Ljubljana with electricity.

Serbia's ERS Signs June Electricity Surplus Sale Contracts With Slovenia's Gen-I Unit

Παρ, 22 Μαΐου 2015 - 18:46

Bosnian power utility Elektroprivreda Republike Srpske (ERS) said on Thursday it signed contracts for the sale of a total of 43,200 MWh of surplus electricity available for delivery in June with the local unit of Slovenian electricity and gas trading group Gen-I.

Europe΄s Οil Giants Will Create a Think Tank on Climate Change Policy

Πεμ, 21 Μαΐου 2015 - 19:50

The biggest oil companies in Europe will form a new industry body or a think tank to influence the climate change policies promoted by the international community.

EU Backs Greek Energy Plans Investment Hopes

Πεμ, 21 Μαΐου 2015 - 19:44

EU Regional-policyCommissioner Corina Cretusaid she hoped that Greece would recover and enter a path of growth and development in order to create new opportunities and jobs, including in the energy sector.

Piraeus Bank Successfully Agrees Disposal of Stake in Piraeus Bank Egypt to ABK

Πεμ, 21 Μαΐου 2015 - 18:21

Piraeus Bank announces that it has entered into a definitive agreement with Al Ahli Bank of Kuwait K.S.C.P. (“ABK”) to dispose its stake (98.5%) in Piraeus Bank Egypt S.A.E. (“PBE”), its Egyptian subsidiary, subject to Central Bank of Egypt and other regulatory approvals in Egypt, Greece and Kuwait, including the Hellenic Financial Stability Fund.

Iran Eyes Foreign Cash if Sanctions are Lifted

Τετ, 20 Μαΐου 2015 - 18:13

Iran hasn’t been in contact with representatives in the US oil sector, said Mehdi Hosseni, the head of a contract revision committee in the Iranian Oil Ministry.

Serbia's NIS Plans Gross Dividend of 46.85 Dinars (0.3886 Euro)/Share

Τετ, 20 Μαΐου 2015 - 17:44

Serbian oil and gas firm NIS, said it plans to pay a gross dividend of 46.85 dinars ($0.4346/0.3886 euro) per share from its 2014 earnings.

Fitch Affirms KMG International NV at B+ Outlook Stable

Τετ, 20 Μαΐου 2015 - 17:42

Fitch Ratings said on Tuesday ithas affirmed Romania-based KazMunayGas International NV's (KMGI) long-term issuer default rating (IDR) at 'B+', with a stable outlook.

FDI in Bulgaria Grows to 317.3 Mln Euro in Q1

Τετ, 20 Μαΐου 2015 - 17:34

Foreign direct investments (FDI) in Bulgaria in the first quarter of 2015 reached 317.3 milion euro ($361.8 million), a 3.5-fold increase as compared to the like period a year earlier, the country's investment promotion agency said on Tuesday.

Oil Prices Fall as Markets Remain Oversupplied

Τρι, 19 Μαΐου 2015 - 17:30

Crude oil prices fell on May 19 as sluggish economic growth and high exports meant that markets remain oversupplied.

19th Roundtable With the Government of Greece - Conclusions

Τρι, 19 Μαΐου 2015 - 17:24

• The background for the Roundtable, as former Italian prime minister Enrico Letta pointed out, was an improving euro-zone economy with a trio of favourable factors: quantitative easing (QE) from the European Central Bank (ECB), cheaper oil and a cheaper euro.