IEA: OPEC could keep prices low for a decade
Keeping the OPEC production will lead to lower oil prices for a long period, with negative effects on the budgets…
KMG International invested 3,5 million dollars in new gear for an oil terminal
Midia Marine Terminal, company of KMG International Group, completed the works for the replacement of the oil transfer equipment at…
US President stops the construction of Keystone oil pipeline
US President Barack Obama rejected the request of a Canadian company to build an oil pipeline between Canada and the…
MOL Romania sold volumes increased by 16% at nine months
MOL Romania increased the sales volume in the first nine months by 16% compared to the same period last year…
Kazakhstan will privatize KMG, the owner of former Rompetrol Group
Kazakhstan offers to sell stakes in the largest state companies, including KazMunaiGas (KMG), the former owner of Rompetrol Group, after…
OMV Petrom net earnings fell by 60% at nine months
OMV Petrom had after nine months a net profit of 991 million lei (223.1 million euros), down by 59% compared…
Ukraine buys gas coming from EU at a better price than the Russian one
Ukrainian company Naftogaz bought in the last two weeks cheaper gas in the EU than from Gazprom, says the development…
Romgaz makes a budget revision due to an underestimated decrease in gas consumption
The Board of Directors (CA) of Romgaz approved the budget amending proposal of the Income and Expenditures Budget (BVC) for…
Russia’s oil production will increase this year by 0.8%
Russia’s oil production will exceed this year the 2014 level by 0.8%, according to the estimates by the State Duma,…
