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Bulgaria: Bulgargaz proposes slightly lower wholesale gas price for June 2025 Read More »

Bulgaria: Bulgargaz proposes slightly lower wholesale gas price for June 2025

Bulgarian state-owned gas supplier Bulgargaz has proposed a marginally lower wholesale natural gas price to be applied for June 2025. The suggested price stands at approximately 32.8 euros per megawatt-hour (MWh), representing a modest decrease of 0.11 percent compared to the approved price for May, which was 32.9 euros/MWh. This comes after a more substantial […]

Slovenia: Petrol to distribute nearly entire profit as dividends amid margin concerns Read More »

Slovenia: Petrol to distribute nearly entire profit as dividends amid margin concerns

Shareholders of the Slovenian energy company Petrol have approved a proposal to allocate almost the entire profit from the previous year toward dividend payments, resulting in a gross dividend of €2.10 per share—an increase of €0.30 compared to last year. At the meeting, concerns were raised over persistently low profit margins, which shareholders warned could

Romania: Romgaz expands into Moldova, aiming to supply up to 30% of gas imports as Neptun Deep production looms Read More »

Romania: Romgaz expands into Moldova, aiming to supply up to 30% of gas imports as Neptun Deep production looms

Romanian natural gas producer Romgaz is preparing to expand into the Moldovan energy market, aiming to supply up to 30% of Moldova’s imported gas. The company is in the process of establishing a subsidiary in Moldova to manage these operations. Romgaz CEO Razvan Popescu confirmed that Moldova’s annual gas demand is about 1 billion cubic

Romania: Nuclearelectrica sees lower profit despite strong revenue growth in Q1 2025 Read More »

Romania: Nuclearelectrica sees lower profit despite strong revenue growth in Q1 2025

Romania’s nuclear energy operator Nuclearelectrica reported a net profit of 102.7 million euros in the first quarter of 2025, marking an 8.8% decline compared to the same period last year. Despite the drop in profit, the company posted a strong operational performance, with revenues nearing 300 million euros—up 23.6% year-on-year—driven by increased electricity sales and

Serbia: NIS proposes €39.2 million dividend payout from 2024 profit Read More »

Serbia: NIS proposes €39.2 million dividend payout from 2024 profit

The Board of Directors of Serbian oil company NIS has submitted a proposal to the shareholders’ assembly detailing the allocation of its 2024 profit. In line with long-standing company policy, NIS intends to distribute 25% of its annual profit to shareholders as dividends—a tradition maintained consistently, except during the pandemic. According to the board’s proposal,

Hungary: MOL and MVM forge strategic oil partnership to strengthen Central Europe’s energy security Read More »

Hungary: MOL and MVM forge strategic oil partnership to strengthen Central Europe’s energy security

MOL Group and MVM Group have launched a strategic oil trading partnership aimed at expanding and stabilizing energy supply for Central Europe, particularly for landlocked countries like Hungary and Slovakia. The collaboration seeks to increase the volume of non-Russian crude processed in MOL’s refineries by up to 160,000 tons annually, contributing to regional diversification goals.

North Macedonia: Makpetrol increases dividend to €68.3 per share after strong 2024 performance Read More »

North Macedonia: Makpetrol increases dividend to €68.3 per share after strong 2024 performance

North Macedonian fuel retailer Makpetrol has announced a gross dividend of approximately 68.3 euros per share for 2024, marking an increase from the previous year. The decision was approved by shareholders and reflects the company’s improved financial results. The total dividend payout for 2024 will amount to around 6.91 million euros. In comparison, the gross

Romania: Rompetrol Rafinare reports increased Q1 2025 net loss amid market volatility and seasonal demand drop Read More »

Romania: Rompetrol Rafinare reports increased Q1 2025 net loss amid market volatility and seasonal demand drop

Rompetrol Rafinare, part of the KMG International Group, posted a consolidated net loss of $37.3 million in the first quarter of 2025, up from a $23.8 million loss during the same period in 2024. The worsening financial results were primarily driven by volatility in international crude oil and bio-component prices, combined with seasonal declines in

Montenegro: EPCG receives environmental approval for Krupac solar power plant project Read More »

Montenegro: EPCG receives environmental approval for Krupac solar power plant project

Montenegro’s state-owned power utility, EPCG, has received approval for the environmental impact assessment (EIA) study for the construction of the Krupac solar power plant. The facility will be located on three sites along the shores of Lake Krupac near Nikšić, covering a total area of approximately 118 hectares. The project, estimated at around 28.2 million

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