Bulgaria moves ahead with special administrator for Lukoil despite Presidential warning
Bulgaria’s National Assembly has taken steps that move in different directions regarding the expanded powers granted to a Government-appointed administrator […]
oil
Romania: No extension on U.S. sanctions as government moves to secure petrotel operations
Romania will fully comply with the international sanctions imposed on Lukoil and will not request an extension beyond the 21
Montenegro: Jugopetrol positioned to secure contract for fuel reserve storage
Jugopetrol, Montenegro’s main fuel distributor and a subsidiary of Greece’s Hellenic Energy, has become the sole bidder in the Government’s
Hungary: MOL CEO says Danube refinery fire caused by technical failure, not sabotage
MOL Group CEO Zsolt Hernadi has dismissed claims that the recent fire at the company’s Danube refinery in Százhalombatta was
Bulgaria: Cengiz Holding and SOCAR move to acquire Lukoil’s Burgas refinery in $2.5 billion deal
According to media reports, Turkish conglomerate Cengiz Holding and Azerbaijan’s state-owned energy company SOCAR are moving forward with plans to
Region: Croatia’s JANAF and Hungary’s MOL advance talks on new oil transport deal amid supply and sanctions concerns
Representatives of Croatia’s state-owned pipeline operator JANAF and Hungary’s MOL Group met to assess the current situation and coordinate the
Bulgaria strengthens fuel security amid Lukoil sanctions and partial reliance on foreign reserves
Bulgaria’s strategic fuel reserves stored within the country are sufficient to cover about one month of domestic consumption, according to
Europe: Oil, gas and CO2 prices decline in early November amid OPEC+ decisions and high supply
Brent crude oil futures for the front-month contract on the ICE market reached their weekly high of $64.89 per barrel
Hungary granted one-year US sanctions waiver to continue importing Russian energy
Hungarian Prime Minister Viktor Orbán announced that Hungary has secured an exemption from US sanctions on Russian oil and gas,
Region: Slovnaft blames Croatian operator JANAF for crude oil delivery failure, warns of regional supply risks
A planned shipment of 58,000 tons of Arab Light crude oil, scheduled to arrive on 6 November under an existing
EU report: Bulgaria must accelerate energy transition and reduce dependence on Russian gas
According to a new report from the European Commission, Bulgaria has made notable progress in diversifying its energy mix but
North Macedonia: OKTA reports strong profit growth despite lower revenues in 2025
North Macedonian oil refinery OKTA, owned by Greece’s Hellenic Petroleum, reported a net profit of 7.3 million euros in the