Tag: gas

Ukraine refused Russian gas offer due to high price – Region, 10 June 2016

Director of Business Development at Ukrainian oil and gas company Naftogaz Yuriy Vitrenko said that the price of natural gas offered by Russian Gazprom is too high and that Ukraine will not consider purchasing it at such conditions. Vitrenko explained that Russian Ministry of Energy informed Naftogaz that Gazprom will supply natural gas at the […]

Eustream and Bulgartransgaz signed a MoU on Eastring project – Region, 10 June 2016

Slovak natural gas transmission system operator Eustream and its Bulgarian counterpart Bulgartransgaz have signed a Memorandum of Understanding regarding the project for the construction of Eastring gas pipeline. The ceremony was attended by the Bulgarian Minister of Energy Temenuzhka Petkova and Slovak Minister of Economy Peter Ziga, as this signing represents a milestone in efforts […]

Motor Oil to establish oil exploration company in Cyprus – Greece, 9 June 2016

At the General Shareholders’ Meeting of Greek oil refining company Motor Oil it was decided that the company will start venturing into hydrocarbons exploration and development activities. Therefore, Motor Oil plans to establish a Cyprus-based joint venture company for the hydrocarbons exploration activities in cooperation with the Egyptian Vegas Oil. Motor Oil will hold 65 […]

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