Tag: oil refinery

ELPE recorded net income of 64 million euros in Q3 2019 – Greece, 08 November 2019

Greek oil refiner Hellenic Petroleum (ELPE) said that its adjusted EBITDA came in at 201 million euros in the third quarter of 2019, while its adjusted net income amounted to 90 million euros. Higher total production, at 4.3 million tons and good operations at refining units, despite end of run perf Full article available for […]

TUPRAS’ investments amount to 6.5 billion dollars since privatization – Turkey, 15 February 2019

Turkey’s largest oil refinery TUPRAS has invested about 6.5 billion dollars since its privatization in 2005, of which 199 million dollars was invested in 2018 alone. Having supported its production activities in 2018 with its strong balance sheet and effective financial risk management policies, Full article available for subscribers of Energy NEWS service (PDF publications, […]

Ballsh oil refinery shut down due to lack of oil supply – Albania, 07 January 2019

Albania’s Ballsh oil refinery has been shut down because its operator Tosk Energji failed to conclude a crude oil purchase agreement for 2019 with the supplier Bankers Petroleum. The statement from Bankers Petroleum said that Tosk Energji has rejected all offers for the new agreement. In addition Full article available for subscribers of Energy NEWS […]