World Bank, AIIB allocate $1.2b loan to Turkey for natural gas storage facility
urkey’s ever-growing energy industry continues to draw investments from international institutions. The World Bank and Asian Infrastructure Investment Bank (AIIB)…
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Import-Export
Valentin Kunev (BBSPA): With gas projects, it is about evolutionary rather than revolutionary changes
Balkan and Black Sea Petroleum Association BBSPA held recently its annual conference in Bucharest, a two days event with over…
CONPET obtains higher tariffs for the transport of crude oil, gasoline, condensate and ethane
The National Agency of Mineral Resources – NAMR approved the tariffs for the transport of crude oil, rich gas, condensate…
New delays threaten investments estimated at USD 22.3 billion
Offshore Law approaches adoption in Parliament. Streamlining the clearance process for the energy projects at the Black Sea would blaze…
Change of paradigm on the natural gas market in the region
The Romanian oil and gas industry is enthusiastically living the dawn of a new era – the commercial exploitation of…
Exxon Mobil speeds up energy trading to boost profit
Exxon Mobil Corp is pushing deeper into energy trading, building a global cadre of experienced traders and beefing up risk-management…
Dutch court approved Naftogaz petition to freeze Gazprom assets in Holland
Ukraine’s Naftogaz said on Tuesday that a Dutch court had approved its petition to freeze Gazprom assets in the Netherlands…
Brussels set for compromise deal in Gazprom antitrust case
Brussels is set to announce it has reached a compromise deal with Gazprom in a long-running antitrust case over the…
Aforti Exchange: Crude oil price will be subject to correction after recent increases
According to Aforti Exchange experts, panic on the oil market, which has been seemingly triggered by a tense situation between…
Baltic, German foreign ministers split on Nord Stream pipeline
The foreign ministers of Estonia, Latvia and Lithuania, who met with their German colleague in Palanga on Friday, disagreed with…
Preventing imbalances on the gas market
A few days of freezing weather have uncovered the lack of flexibility in the national natural gas system and have…
Russia’s Gazprom takes $3.4b impairment on Ukraine legal dispute
Russian gas giant Gazprom took a 213 billion rouble ($3.4 billion) impairment in relation to its legal row with Ukraine,…
Egypt is ready to be an energy hub for Europe
With gas production in full swing across a number of sites in Egypt, the country is ready to become a…
Romania imported 20% more oil in the first two months
In the first two months of 2018, Romania imported 1,453 million tons of crude oil equivalent, with 242,500 toes (20%)…