energyobserver

information on the energy sector

EXIMBANK: 23 MILLION DOLLARS COLLATERAL FOR A HIDROCONSTRUCȚIA JORDAN DEAL

EximBank issued two bank guarantee letters totaling more than $ 23 million for Hidrocontrucția, one of the largest Romanian private capital constructors, which will allow the company to run a $ 115.5 million contract in Jordan.

27.01.2018 · ROMANIA

TURKEY'S PETKIM ISSUES $500 MILLION BOND

Turkey's Petkim signed a subscription agreement with five consulting companies for the issuance of $500 million five-year notes, with a maturity date of Jan. 26, 2023, the company said on Friday.

27.01.2018 · TURKEY

PRIVATIZATION FUND’S BINDING STRATEGIC PLAN FOR PPC READY

The new privatization superfund’s strategic plan for the main power utility PPC will enforce a number of measures, including stricter cost control and a more effective electricity bills collection policy, as part of an effort to improve the power utility’s profitability and overall efficiency. The fund now controls a 34 percent stake of PPC.

27.01.2018 · GREECE

PUBLIC SERVICE COMPENSATION REVISIONS CREATING NEW DEFICIT

Recent legislative revisions to Public Service Compensation (YKO) categories and charges will reduce revenues needed to fully balance this account, used to cover high-cost electricity generation on non-interconnected islands and also subsidize power supply to low-income households.

27.01.2018 · GREECE

MORE CRITICAL MASS ACCUMULATES FOR ENERGY STORAGE IN ROMANIA (EBC, JANUARY 23)

Major global trends are being introduced in Romania through multinational companies that offer to local clients technology solutions and business models tested elsewhere in the world. To become powerful, trends such as energy storage or electrical mobility need further understanding and support from large Romanian companies as well as from regulators. In the case of storage, we already have a solid start; more pressure is still needed from the industry in order to get decision makers and regulators into motion.

27.01.2018 · ROMANIA

AFTER 20 YEARS IN ROMANIA, LUKOIL ANNOUNCES INVESTMENTS OF MORE THAN 30 MILLION DOLLARS IN PETROTEL

Petrotel LUKOIL announces new investments in their refinery in Ploiesti, over 30 million dollars by 2020, for improving environmental footprint. USD 7 million are earmarked for the modernization of the coking plant and nearly USD 26 million for the construction of a new sulfur recovery complex, which will lead to zero sulfur oxides emissions.

21.01.2018 · ROMANIA

TRANSELECTRICA IS LOOKING FOR CANDIDATES FOR SEVEN SENIOR POSITIONS

In the last two days, Transelectrica posted 12 recruitment announcements on its website. Seven of these are key positions for which those interested can submit CVs by January 31, 2018.

21.01.2018 · ROMANIA

ROPEPCA: ROYALTIES FOR NATURAL GAS ARE PAID ON THE PRODUCTION VALUE, NOT ON THE REF PRICE COMMUNICATED BY ANRM

The Romanian Association of Petroleum Exploration and Production Companies (ROPEPCA) clarifies how are calculated the oil royalties in the context of public debate raised by PNL Senator Daniel-Cătălin Zamfir. He wrote in a Facebook posting that Prime Minister Mihai Tudose, now resigning, stopped the publication of an ANRM order by which the method of calculating the royalty for natural gas would had been changed.

21.01.2018 · ROMANIA

TURKEY AGAINST 'PRIVILEGED PARTNERSHIP' WITH EU

Turkey will not accept a "privileged partnership" with the EU, the country's EU Minister Omer Celik has said.

14.01.2018 · TURKEY

EU FAILS TO 'FULLY UNDERSTAND' TURKEY’S CHALLENGES

Turkish foreign minister has pointed out lack of mutual trust in Turkey-EU ties, saying the bloc does not "fully understand" the challenges the country has been facing.

14.01.2018 · TURKEY

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