Groundbreaking ceremony for MOL’s petrochemical plant – Hungary, 27 September 2019

Hungarian oil and gas company MOL, in cooperation with German thyssenkrupp, laid the foundation stone for the construction of an 1.2 billion euros petrochemical facility – a polyol plant. Polyether polyol is a plastic raw material, which is the base component of polyurethane, a polymer used in in Full article available for subscribers of Energy […]

Crete interconnection tender faces further deadline extension – Greece, 27 September 2019

The tender for engineering, procurement and construction of two converter stations for the Crete-Athens interconnection project will likely face another deadline extension, possibly for an entire month, after a request made by tender’s participants. Ariadne Interconnector, a subsidiary of Greek e Full article available for subscribers of Energy NEWS service (PDF publications, energy news, analyses, […]

ELPE raised 500 million euros in bond issue – Greece, 27 September 2019

Greek oil refiner Hellenic Petroleum (ELPE) launched the five-year bond issue which was met with strong demand that brought its interest rate down to just 2.125 %, against an original estimate of 2.5 %. Investors’ bids added up to 1.5 billion euros, more than three times the issue that was aimed Full article available for […]