English Edition

Turkey's OMV Petrol Ofisi, SOCAR End Talks on Aviation Fuel Business Projects

Τρι, 22 Απριλίου 2014 - 14:12

Turkey's OMV Petrol Ofisi [BIST:PTOFS], a unit of Austrian OMV, said Friday its talks with the Turkish unit of Azerbaijan's state-owned oil company SOCAR on possible aviation fuel business development projects have been concluded without a result.

Bulgaria to File Claims if Brussels Blocks South Stream Project

Τρι, 22 Απριλίου 2014 - 14:11

Bulgaria will seek compensation if the European Commission decides to block the South Stream gas pipeline since the country’s economy is dependent on the project's implementation, the energy ministry said last week.

European Parliament: South Stream Should Not Be Built

Πεμ, 17 Απριλίου 2014 - 12:30

The European Parliament believes that the pipeline South Stream should not be built according to a resolution made by the representatives of several European parties, Bulgarian National Radio reported.

Romania's Electrica Sees Gross Profit at 35.5 mln lei (7.9 mln euro) in 2014

Πεμ, 17 Απριλίου 2014 - 12:28

Romanian state-owned power supplier and distributor Electrica expects to post a gross profit of 35.5 million lei ($11 million/7.9 million euro) in 2014, the government in Bucharest said on Wednesday.

Turkey is Considering Allowing the South Stream Pipeline to Pass Through its Territory

Πεμ, 17 Απριλίου 2014 - 12:27

Turkey's energy minister says Turkey is considering allowing the South Stream pipeline, which would bring Russian natural gas to the West, to pass through its territory.

Bulgaria to Seek Funding for Gas Link with Greece at end-April

Τετ, 16 Απριλίου 2014 - 13:27

Bulgaria will start looking for financing for Gas Interconnector Greece-Bulgaria (IGB Pipeline) at the end of April, the country’s government said on Tuesday.

Cyprus Believes that Exploration Plans of Hydrocarbon Reserves are on Schedule

Τετ, 16 Απριλίου 2014 - 12:12

Timetables set out with regard to our plans for the exploitation of hydrocarbon reserves are still in effect, Cyprus Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis has said.

Trans Adriatic Pipeline (TAP) Re-launches its Procurement Process

Τρι, 15 Απριλίου 2014 - 13:52

TAP has taken the decision to re-launch its procurement process, following a review of its strategy and schedule. TAP will therefore initiate new pre-qualifications for goods and services that the natural gas pipeline project requires.

Sofia’s Heating Utility Plans To Invest 31 mln Euro In 2014

Τρι, 15 Απριλίου 2014 - 13:07

Sofia’s heating utility Toplofikatsia Sofia said it intends to invest 31.2 million euro in implementing its business plan for 2014.

Turkey Receives 6 Offers for its Privatization of Yeniköy and Kemerköy Power Plants

Τρι, 15 Απριλίου 2014 - 13:06

The privatization of Turkey's Yeniköy and Kemerköy power plants in the Aegean province of Muğla has received offers from six companies, including two companies that are building and will operate Istanbul’s planned new airport.

EBRD Investments in Serbia may top 1.0 bln euro in 2014-2018

Τρι, 15 Απριλίου 2014 - 13:05

The European Bank for Reconstruction and Development (EBRD) plans to provide at least 1.0 billion euro ($1.38 billion) in funds to Serbia in 2014-2018, focusing on boosting the competitiveness of private businesses, strengthening the banking sector and upgrading the energy and infrastructure sectors, the lender’s country director for Serbia said.

Sole 40% CO2 Cut Target Will Cut EU GDP by 2030

Δευ, 14 Απριλίου 2014 - 12:37

EU plans for a sole binding 40% greenhouse gas reduction target by 2030 will lead to a drop in the continent’s GDP of between 0.1% and 0.45% on current trends, according to an overlooked passage in the impact assessment which accompanies the proposal.

Fitch: EU's Latest Guidelines Add Price Risks for Renewables Projects

Δευ, 14 Απριλίου 2014 - 12:04

The European Commission's latest guidelines on support for renewable energy will weaken the risk profile of new projects by exposing them to both price and volume risks, Fitch Ratings says. In the longer term, however, the guidelines should help provide a stable regulatory environment by reducing the risk of incentives becoming unsustainable.