Turkish Deep Sea Drilling Project reaches its final phase

The project for sea drilling which was launched 7 months ago in Turkey has reached its final phase. Ankara already bought a new ship for seismic studies in order to make deep sea drillings for gas and oil. The ship which coast ... More

Bulgaria becomes a strategic gas transportation hub

Bulgaria is to call on Russian gas monopoly Gazprom to comply with EU requirements and allow other companies use the South Stream gas pipeline, it has been announced. However, a final decision on whether an exception to the rule ... More

Dina petrochemical union insists gov't sticks to its promise

The workers' union at the Dina petrochemical company insists that the government adheres to its decision adopted in August last year on a concept for the privatisation of Dina and Dioki, another petrochemical company, and that ... More

CEZ considering leaving Albania

CEZ declared that they are considering the options to definitively leave Albania, due to the disagreements with the Albanian government about the energy price and other taxes. The news was published by the prestigious ... More

EPS and KfW sign EUR 65 million contract

Elektroprivreda Srbije (EPS) and the German Development Bank (KfW) signed on Friday a loan contract worth EUR 65 million and a contract on non-refundable assistance of EUR 9 million, which will realize the project on environment ... More

China Gezhouba Group bid for at thermal power plant Pljevlja

China Gezhouba Group International Engineering Co. Ltd submitted a bid for the construction of the Second Block at the thermal power plant Pljevlja. The Memorandum of Understanding between the leading Chinese thermal power ... More

Map of TANAP and Turkey's gas network

Top ranking representatives from Turkey, Turkmenistan, Azerbaijan and the European Union sat at the table Monday to discuss adding Turkmenistan, reportedly the holder of world's fourth largest natural gas reserves, to TANAP, a ... More

Russian Natural gas delivery to Serbia

Representatives of Serbia and Russia opened talks on Tuesday as regards the adjustments of the draft long-term agreement on the delivery of Russian gas to Serbia and these will continue in the next few days, the Serbian Ministry ... More

Turkish companies to supply gas to Bulgaria

Energy and Economy Minister Delyan Dobrev has said that private Turkish companies are showing interest in supplying natural gas to Bulgaria. Photo by dariknews.bg Private Turkish companies are showing interest in supplying ... More

Takeover of terminals opens great business possibilities for FBiH and BiH

Terminals of FBiH d.o.o., a company fully owned by FBiH, based on Agreement on Terminals with Government of FBiH and "Energopetrol", is now in possession of so called continental terminals in Zivinice, Blazuj (Sarajevo), Mostar ... More

NIS Serbia's 100 most successful companies

Oil producer Naftna Industrija Srbije (NIS) is at the top of the list of the Serbia's 100 most successful companies by operating revenues in 2011, with RSD 192 billion regular revenue and RSD 41 billion net income. Ruzica ... More

Largest Romanian energy producer Hidroelectrica files for insolvency

Hidroelectrica, Romania’s largest energy producer, owned by the Romanian state, has filed for insolvency. The court will decide based on its request on June 20. Media reports suggest insolvency could be a way of canceling ... More

Croatia's largest solar power plant now officially operational

Croatia's President Ivo Josipovic today officially commissioned the largest Croatian solar power plant of 400 kW in Sveta Klara in New Zagreb on Thursday, reported website poslovni.hr. The power plant comprises of 3,000 square ... More

Bulgarian Solar-Panel Maker to Halt Production

Silistra-based producer of solar panels Solarpro, the biggest solar panels manufacturer on the Balkans, has announced mass layoffs and a forthcoming halt in operations. A total of 156 people will lose their jobs and some 30 ... More

Rompetrol losses increase after first quarter in Romania

Rafinare, part of the Rompetrol group, reported a turnover of USD 1.1 billion in the first quarter of this year, a 2 percent increase compared to the first quarter of 2011. The company ended the first quarter on loss, with a net ... More

Electricity price to go up by more than 13.5 pct

First Deputy Prime Minister and Economy Minister Radimir Cacic said on Tuesday that electricity prices would go up by more than 13.5 percent, probably in the next month and a half. Cacic recalled that two years ago the ... More

Greek, Egyptian experts to discuss EEZ

Greek and Egyptian experts will meet to discuss Exclusive Economic Zone (EEZ) related matters, Greek foreign ministry spokesman Grigoris Delavekouras announced on Thursday. "Greece's policy is the delineation of all the ... More

Bulgaria to Renew Electricity Exports Tuesday

Bulgaria is set to renew on Tuesday its electricity exports that it stopped due to the severe winter conditions in the country. On Friday, Bulgaria's Minister of Economy, Energy and Tourism Traicho Traikov ordered the exports ... More

No shortage of gas supplies, DEPA stresses

There are no shortages or problems in supplying consumers with natural gas, Greece's Public Gas Corporation (DEPA) emphasised in an announcement on Thursday. Despite the record high demand caused by recent low temperatures and ... More

Bulgarian Govt to sell up to 25% of State Energy Holding

Bulgaria's government plans to sell a minority stake at the Bulgarian Energy Holding to raise several hundred million euro. File phot Bulgaria's Cabinet is considering privatizing a minority share of the state-owned Bulgarian ... More