Tag: oil

Modrica refinery increased losses in H1 2020 – Bosnia and Herzegovina, 10 July 2020

Bosnian Modrica oil refinery, part of Optima Group, said it has recorded a net loss in the amount of some 870,000 euros in the first half of 2020, compared to a loss of some 780,000 recorded in the same period last year. The company’s operated revenues dropped by 25 % to 2.65 million euros in […]

Parliament adopted necessary amendments for the establishment of state oil company – Bulgaria, 10 July 2020

The Bulgarian Parliament has adopted legal amendments necessary for the establishment of state-owned company which will manage storage and replenishment of the country’s oil reserves. The new company will engage in the establishment and operation of tax warehouses, as well as storage and trade w Full article available for subscribers of Energy NEWS service (PDF publications, […]

Jugopetrol to distribute lower dividend for 2019 – Montenegro, 09 July 2020

Shareholders of Montenegrin oil company Jugopetrol adopted a proposal on a gross dividend payout from last year’s profit in the amount of 0.5 euros/share (0.455 euros net), totaling some 2.3 million euros. Dividend for 2019 is significantly lower compared to 2018, when Jugopetrol distributed gros Full article available for subscribers of Energy NEWS service (PDF […]