OMV Petrom – Mazarine Energy deal under Competition Council’s investigation – Romania, 28 December 2016

The Romanian Competition Council announced that it is investigating the sale of OMV Petrom’s 19 oil fields and three rigs to Mazarine Energy, in order to determine if it complies with competition rules. The press release from the Council said that in order to determine whether the concentration is compatible with the normal competitive environment, […]

Lukoil and Conpet signed 13.7 million euros oil transportation deal – Romania, 28 December 2016

Operator of the Romanian national oil pipeline network Conpet announced that it has signed a contract worth about 13.7 million euros with Lukoil for oil transportation in 2017. According to the agreement between two companies, the oil will be transported from Lukoil’s Petrotel refinery via Oil Terminal’s platforms. The contract was concluded on 23 December […]

Niksic 2 transformer station put into operation – Montenegro, 28 December 2016

Montenegrin electricity transmission system operator CGES hosted a ceremony to mark the commissioning of the new 110/10 kV Niksic 2 transformer station and the associated 110 kV transmission line. Chairman of the Board of Directors of CGES Dragan Laketic said on the occasion that this 9.5 million euros worth investment will create conditions for economic […]