Tag: oil

EU imposed sanctions against Turkey over drilling in Eastern Mediterranean – Turkey, 16 July 2019

The Foreign Ministers of the countries in the European Union have imposed initial sanctions against Turkey because of its gas drilling activities in the waters of the exclusive economic zone of Cyprus. EU Foreign Ministers stated that they are interrupting negotiations on an air transport agreeme Full article available for subscribers of Energy NEWS service […]

Nestro Petrol recorded profit in H1 2019 – Bosnia and Herzegovina, 12 July 2019

Bosnian fuel retailer Nestro Petrol, which operates as a part of Optima Group, said that it has recorded a net profit in the amount of around one million euros in the first half of 2019, compared to a profit of just over 100,000 euros in the same period last year. The company’s oprating income in […]

Energija Naturalis launched takeover bid for Ploce port – Croatia, 12 July 2019

Croatian energy group Energija Naturalis has a lunched a takeover bid for the remaining 74.38 % stake in the operator of Ploce port which it does not own yet. The group offered to buy 314,605 outstanding shares of the port operator at the price of around 56 euros per share. The offer is slightly Full […]