Tag: fuel

Ministry of Finance could remove special excise on fuel – Romania, 12 September 2018

Romanian Minister of Finance Eugen Teodorovici said that the Ministry could remove the special excise tax on fuel. According to Minister Teodorovici, the Ministry will propose the removal of the excise tax by the end of the year. Prior to the proposal, it ran extensive analysis which showed that Full article available for subscribers of […]

STAR refinery started trial operation – Turkey, 3 August 2018

Turkey’s biggest refinery STAR, in which State Oil Company of Azerbaijan (SOCAR) invested 6.3 billion dollars, has been put into trial operation after receiving its first crude oil shipment from Azerbaijan. Trial operation will last until October. CEO of SOCAR’s local subsidiary Zaur Gahramanov said that SOCAR Turkey is rapidly moving year after year towards […]

Sale of stake in KMGI to Chinese CEFC falls through – Romania, 3 July 2018

According to media sources, the transaction for the takeover 51 % stake in KMG International (former Rompetrol Group) by Chinese company CEFC (China Energy Company Limited) of has failed. Kazakh KazMunayGas announced in April 2018 that the transaction for the takeover of 51 % of KMG International shares by Chinese CEFC has been postponed for […]