Saudi Aramco most prominent candidate for Petrol Ofisi acquisition – Turkey, 24 February 2017

According to unofficial sources, Saudi Aramco is considered to be the leader in a race for the acquisition of Petrol Ofisi, Turkish subsidiary of Austrian OMV Group. OMV Group spokesman confirmed that the company has received binding bids for Petrol Ofisi, but declined to give any details regarding the matter. Unofficially, besides Saudi Aramco’s bid, […]

50 million euros EU grant expected for gas interconnection with Bulgaria – Serbia, 24 February 2017

Serbian Minister of Energy and Mining Aleksandar Antic said that the project for the construction of gas interconnection with Bulgaria is one of the most important projects for Serbia’s energy security and he expects that a grant worth about 50 million euros will be received soon. Minister Antic stressed the importance of the project as […]

Talks with CGN on NPP Cernavoda units 3 and 4 to speed up – Romania, 24 February 2017

Romanian Ministry of Energy said that it plans to speed up negotiations with China General Nuclear Power Corporation (CGN) on the construction of two new units 3 and 4 at the country’s sole nuclear power plant Cernavoda. State Secretary in the Ministry of Energy Robert Tudorache said that the negotiations have lasted too long and […]