English Edition

European Commission Clears Germanys Uniper Bailout

European Commission Clears Germany's Uniper Bailout

The European Commission said on Tuesday it had approved Germany’s 34.5 billion euro ($36.60 billion) plan to recapitalise German natural gas trader Uniper, subject to future state divestment, management pay and acquisitions

Eurohold Building Bulgaria’s Largest Solar Power Plant

Eurohold Building Bulgaria’s Largest Solar Power Plant

The Verila facility, under construction in hilly terrain south of Sofia, is set to increase solar power generation in Bulgaria by up to 12%. Works on the photovoltaic plant, developed by Eurohold, started in September

Russias Transneft Receives Polish and German Requests for Oil

Russia's Transneft Receives Polish and German Requests for Oil

Russia's Transneft (TRNF_p.MM) has received requests from Poland and Germany for oil in 2023, the state oil pipeline monopoly's head told Rossiya-24 TV, adding that supplies via the Druzhba pipeline's southern spur are expected to hold steady next year

Croatia, Slovenia, Austria Gas Transmission Cos to Interact on Green Agenda

Croatia, Slovenia, Austria Gas Transmission Cos to Interact on Green Agenda

Croatian state-owned gas transmission system operator Plinacro said on Friday it signed a memorandum of understanding with its peers from Slovenia and Austria - Plinovod and Gas Connect Austria, to support projects to cut greenhouse gas emissions and develop hydrogen infrastructure

EU Agrees €20 Bln Boost for Energy Funding to Quit Russian Gas

EU Agrees €20 Bln Boost for Energy Funding to Quit Russian Gas

The European Union will raise an extra 20 billion euros from its carbon market for investments to help end more swiftly the bloc's reliance on Russian fossil fuels, under a political deal reached on Wednesday

Lukoils Romanian Refinery Will Process Non-Russian Oil

Lukoil's Romanian Refinery Will Process Non-Russian Oil

Petrotel, the refinery controlled in Romania by the Russian group Lukoil, has been processing since December 5 crude oil of non-Russian origin, Romanian minister of energy Virgil Popescu said

Russias Rosneft Net Income Down 15% for Jan-Sept 2022

Russia's Rosneft Net Income Down 15% for Jan-Sept 2022

Rosneft, Russia's largest oil company, reported Wednesday that its net income for the January-September period this year decreased year on year by 15% to 591 billion rubles (approximately $9.4 billion)