OKTA achieved EBITDA of 7 million euros in H1 – Macedonia, 31 August 2016

Despite the further drop in international oil prices which resulted in lower sales revenues, Macedonian oil refinery OKTA, owned by Greek Hellenic Petroleum, achieved record profitability in the first half of 2016. The company’s adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to 7 million euros in the first half of 2016, compared […]

EEX to start trading in wind power futures in early October – Region, 31 August 2016

The European Energy Exchange (EEX) has announced that it will launch trading in the new Wind Power Futures product on 4 October. The participants of EEX Derivatives Market will be able to hedge against volume risks in the generation of wind power within German/Austrian market area. In September 2015, EEX started trading in Cap Futures, […]

Ukrtransgaz to halve gas transportation capacity during repairs – Region, 31 August 2016

Press Secretary of Ukrainian natural gas transmission system operator Ukrtransgaz Maksym Beliavsky said that gas transportation capacity towards Balkan countries will be halved during the period of repairs to the pipeline. On 26 August, during the inspection of the pipeline section which is transporting natural gas to Balkan countries, Ukrtransgaz detected a crack in the […]