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EU Targets Gazprom for Unfair Market Practices

Τετ, 22 Απριλίου 2015 - 16:36

The European Union has opened an antitrust case against Russia’s state -controlled Gazprom energy giant amid worsening relations between Brussels and Moscow.

Global Oil and Gas Black Sea and Mediterranean: In September 2015 Athens Becomes the Centre of Global Energy Development

Τετ, 22 Απριλίου 2015 - 16:28

At a time when the energy development in the wider Black Sea, Mediterranean and South East Europe region is at its peak, the major multinational oil and gas event organiser ITE GROUP PLC, in cooperation with the exhibition organiser ROTA SA, choose Athens to hold an event (exhibition & conference) of international outreach, which will become a herald of significant development both for the region and for Greece

Tsipras Gazprom CEO Discuss Greek Stream

Τετ, 22 Απριλίου 2015 - 16:27

As European antitrust regulators are expected on April 22 to charge Gazpromwith abusing its dominance in natural gasmarkets, the CEO of the Russian gas monopoly, Alexei Miller, met in Athens with Greek Prime Minister Alexis Tsipras.

Croatian State Cos Total Gross Profit Jumps to 2.72 Bln Kuna (359.3 Mln Euro) in 2014

Τετ, 22 Απριλίου 2015 - 16:17

Croatian deputy prime minister Branko Grcic said on Tuesday that the combined gross profit of 47 fully or majority state-owned companies rose to 2.72 billion kuna ($383.7 million/359.3 million euro) last year from 587 million kuna in 2013.

Brussels Oks Temporary Rescue Aid for Romanian Energy Holding

Τετ, 22 Απριλίου 2015 - 16:13

The European Commission said on Tuesdaythat temporary rescue aid of 167 million lei ($40.2 million/37.6 million euro) to be granted by the Romanian authorities to state-owned electricity and heat producerComplexul Energetic Hunedoarais in line with EU state aid rules.

EFSE Lends 2 Mln Euro to Opportunity Bank Serbia for MSE Agri Projects

Τετ, 22 Απριλίου 2015 - 16:10

The European Fund for Southeast Europe (EFSE) said on Tuesday it has issued a 2 million euro ($2.1 million) senior loan to Opportunity Bank Serbia in support to micro and small enterprises (MSEs) and agricultural clients throughout the country.

Gazprom to be Charged by Brussels for Increasing Prices

Τρι, 21 Απριλίου 2015 - 18:54

EU antitrust regulators will this week formally charge Russian gas giant Gazprom with overcharging customers in eastern Europe and hindering rivals in the region,two EU sources said on Monday.

Bulgaria Opens Tenders for Oil Gas Exploration in Two Black Sea Blocks

Τρι, 21 Απριλίου 2015 - 18:18

Bulgaria has opened tenders for oil and gas exploration in blocks 1-14 Silistar and 1-22 Teres in the continental shelf and the country's exclusive economic zone in the Black Sea, the country's energy ministry said on Monday.

Serinus Energy Completes Testing of Moftinu - 1002 Bis Well in Romania

Τρι, 21 Απριλίου 2015 - 18:18

Oil and gas exploration companySerinus Energy said on Monday the results of tests it completedon theMoftinu-1002bis well in northwestern Romania prove the existence of movable hydrocarbons in the four Miocene sands tested.

Bosnia’s EP HZHB Books Q1 Profit of 20.4 Mln Euro

Τρι, 21 Απριλίου 2015 - 18:10

Bosnian power utility Elektroprivreda HZHB [SAJ:JPEMR] said on Monday it posted a profit of 39.96 million marka ($21.9 million/20.4 million euro) in the first quarter of 2015, helped by favorable hydrologic conditions.

Migrant Tragedies in the Mediterranean Worse than Titanic

Δευ, 20 Απριλίου 2015 - 18:53

The latest migrant tragedies have caused the outrage of humanitarian NGOs, emphasising that is double the size compared with the Titanic tragedy.

Croatia Eyes Next Round of Talks with MOL over INA in May

Δευ, 20 Απριλίου 2015 - 18:41

Croatia is preparing for May the next round of talks with Hungary's MOL over the joint management of Zagreb-based oil and gas company INA, a spokesperson for the Croatian economy ministry told SeeNews in an email on Friday.

Bosnia’s RiTE Ugljevik Gets 3.6 Mln Euro Excavator

Δευ, 20 Απριλίου 2015 - 18:41

Bosnian coal miner and energy producer RiTE Ugljevik has put into operation at its Bogutovo Seloopen pit mine a 7 million marka ($3.8 million/3.6 million euro) excavator, local media reported on Friday.

Serbia Expects Funding for Gas Link with Bulgaria to Be Agreed with EU by End - 2015

Δευ, 20 Απριλίου 2015 - 18:34

Serbian energy minister Aleksandar Antic said on Friday he expects financing for a gas interconnection with Bulgaria to be agreed with the European Commission by the end of 2015.

Oil Prices Keep Falling - OPEC Keeps Pumping

Παρ, 17 Απριλίου 2015 - 17:39

Saudi Arabia, Venezuela, Russia and other oil producing majors held consultations last week but it is unlikely they will reduce output.

Croatia Raises Tobacco Petrol Excise Duties to Tackle Deficit

Παρ, 17 Απριλίου 2015 - 17:29

The Croatian government decided on Thursday to raise the excise duties on cigarettes and tobacco and on motor fuel to help deliver budget savings requested by the EU.