Tag: investment

SOCAR Turkey to increase investments – Turkey, 21 July 2016

Vagif Aliyev, Chairman of the Board of SOCAR Turkey, local subsidiary of the State Oil Company of Azerbaijan (SOCAR), announced that the company will continue to invest in Turkey even after the failed coup on 15 July and stressed that this event will not damage the investments in Turkey. Aliyev said that SOCAR’s investment in […]

Romgaz to commission new compressor station – Romania, 19 July 2016

Romanian state-owned natural gas producer Romgaz will commission new compressor station and natural gas drying, related to the storage facility in Sarmasel in Northwestern Romania. The value of the investment in new compressor station is 53.6 million euros and the construction works were performed by local companies Condmag Brasov (which performed about 58 % of […]

Enel continues to invest in distribution network upgrades – Romania, 15 July 2016

Enel Distributie Muntenia, Romanian subsidiary of Italian energy company Enel, released an announcement in which it said that it has completed the upgrade of electricity distribution network in Giurgiu county, a project worth some 445,000 euros. This is a part of a wider project for the modernization of Giurgiu electricity distribution network. The project relates […]