Italian Parliament approves ratification law on the tri-lateral Intergovernmental Agreement between Italy, Greece and Albania on TAP

Today the Italian Parliament approved the ratification law on the tri-lateral Intergovernmental Agreement (IGA), following the signing of an IGA between Italy, Greece and Albania on the Trans Adriatic Pipeline (TAP) project on ... More


Parliament ratifies TAP contract with braod consensus

The agreement between Greece and the company managing the TAP (Trans Adriatic Pipeline AG) natural gas pipeline was ratified in Parliament on Monday evening with a broad consensus. The pipeline will be passing through Greece and ... More


Bankers Petroleum supports signing of the Canadian - Albanian investment agreement in Ottawa

Bankers Petroleum Ltd. ("Bankers") is pleased to support the signing of a foreign investment promotion and protection agreement (FIPA) between Canada and Albania. The announcement was made by the Honourable Ed Fast, Minister of ... More


Yildiz: TPAO will carry out seismic explorations in the sea south of Cyprus

Turkish Cypriot daily Kibris Postasi newspaper (25.11.13) reports that the Turkish Minister of Energy, Taner Yildiz has said that the Barbaros Hayrettin Pasa vessel, which had been purchased by Turkish Petroleum Corporation ... More


South Stream guarantees energy security

The construction of the South Stream pipeline section through Serbia guaranatees better international energy security, Russian President Vladimir Putin has said. Russia's Minister of Energy Alexander Novak conveyed Putin's ... More


Work on South Stream pipeline leg through Serbia begins

The formal start of the work on the South Stream pipeline section through Serbia began by welding the first two pipes together in Sajkas, near Novi Sad, on Sunday, but the full extent of the work will begin in February ... More


First wind turbine arrives in Bogdanci

The Bogdanci wind park enters its final stage of construction, after the first portion of the wind turbines' components entered at Bogorodica border crossing on Tuesday. The components for one wind turbine are mounted on dozen ... More


NIS starts exporting biodiesel that meets EU requirements

The Petroleum Industry of Serbia (NIS) has started exporting eurodiesel mixed with biodiesel, produced at Pancevo Oil Refinery, and it has already prepared 500 tonnes of new B-7 eurodiesel that meets EU standards for first buyers ... More


South Stream Pipeline through Serbia to start on Nov. 24

Prime Minister Ivica Dacic and Gazprom CEO Alexey Muller on Nov. 11 agreed that the construction of the branch of the South Stream gas pipeline through Serbia would start on Nov. 24, read a statement from the Serbian ... More


Cyprus and the French energy operator Total will cooperate in the construction of a gas terminal.

Cyprus and the French energy company Total reached agreement to cooperate in the construction of a gas processing installation in Cyprus. The announcement made indicates that the installation which will liquify gas for export ... More


Albanian, Greek Energy ministers meet in Tirana over TAP pipeline

Albanian Energy and Industry Minister Damian Gjiknuri received on Monday evening Greek Environment, Energy and Climate Change Minister Yiannis Maniatis within the framework of the official visit to Albania by Greek President of ... More


IFC: Potential 1bln USD of investments adapted to climate change in developing countries

IFC (International Finance Corporation), a member of the World Bank Group, commissioned an independent analysis of investment opportunities adapted to climate change in developing countries in Europe and Central Asia, the Middle ... More


Turkey and Japan sign formal agreement to build second nuclear plant in Sinop

Prime Minister Recep Tayyip Erdoğan and his Japanese counterpart Shinzo Abe signed on Oct. 29 the official agreement for building Turkey's second nuclear plant in the Black Sea province of Sinop. The two countries signed ... More


Kravchenko announces NIS investment increase in 2014

CEO of the Petroleum Industry of Serbia (NIS) Kirill Kravchenko says that the company will increase investments in the coming year, although under present economic conditions it will be difficult to keep business results at the ... More


South Stream groundbreaking ceremony held in Bulgaria

A groundbreaking ceremony for the Russian-sponsored gas pipeline project South Stream was held last Thursday at site of the Bulgarian compressor station "Rasovo." The village of Rasovo is in northwestern Bulgaria in the ... More


Shell intends to invest USD 700 mln. in Bosnia

The second-biggest petrol giant in the world Shell has voiced its intention for negotiations with the Bosnian Muslim Croat Federation for receiving a concession for survey of hydrocarbon fields in the area of the Dinar Mountains, ... More


Gazprom seeking bigger capacity for Slovenian South Stream section

The South Stream gas pipeline project appears to be on track, but a debate held in Ljubljana Thursday suggests the project is undergoing significant changes as Russian gas giant Gazprom wants to increase capacity significantly ... More


Dacic: South Stream construction to begin in late 2013

The construction of the South Stream pipeline in Serbia as a project of national importance should begin by the end of the year, Serbian Prime Minister Ivica Dacic stated on Thursday. The South Stream pipeline has been ... More


Oettinger: NIS development good for Serbian market

EU Commissioner for Energy Guenther Oettinger said Thursday that the development of the Petroleum Industry of Serbia (NIS) will have a positive impact on the development of the Serbian and other markets in the region, and ... More


European Commission approves 134-mln-euro state subsidy for natural gas works

The European Commission approved Greek state funding of 134 million euros for natural gas infrastructural works in Greece on Wednesday. The Commission approved the funding of four projects improving and expanding the ... More