Tag: oil production

Bankers Petroleum reduced oil production in Albania – Albania, 14 April 2020

Canadian-Chinese oil producer Bankers Petroleum, the largest oil producer operating in Albania, has reduced its output as demand decreases due to coronavirus outbreak. According to local media, Bankers was forces to reduce oil production because its main buyer, a Spain-based company has halted op Full article available for subscribers of Energy NEWS service (PDF publications, […]

Bulgaria and Greece signed Memorandum of Cooperation in energy sector – Region, 26 February 2020

Greece and Bulgaria signed several memoranda of cooperation on security, economy, energy, transport, infrastructure and cross-border cooperation during the 4th Greece-Bulgaria High Level Cooperation Council in Alexandroupoli. Greek Prime Minister Kyriakos Mitsotakis said in joint statements with his Full article available for subscribers of Energy NEWS service (PDF publications, energy news, analyses, power and trading […]

INA recorded 59 % lower net profit in 2019 – Croatia, 20 February 2020

Croatian oil company INA said that it has recorded a consolidated net profit in the amount of 65 million euros in 2019, which is 59 % lower compared to the previous year. In 2019, INA Group revenues amounted to 3.03 billion euros, which is a stable performance compared to 2018, despite the more c Full […]