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information on the energy sector

ROMANIA IMPORTED 20% MORE OIL IN THE FIRST TWO MONTHS

  In the first two months of 2018, Romania imported 1,453 million tons of crude oil equivalent, with 242,500 toes (20%) higher than imports in the similar period of 2017, according to data centralized by the National Institute of Statistics (INS).  

29.04.2018 · ROMANIA

EGYPT IS READY TO BE AN ENERGY HUB FOR EUROPE

  With gas production in full swing across a number of sites in Egypt, the country is ready to become a key exporter of energy in the region and beyond, the chairman and founder of investment firm Qalaa Holdings told CNBC.  

29.04.2018 · EGYPT

OMV PETROM INCREASES THE INVESTMENTS IN 2018 BY 58%, TO 5.5 BILLION LEI

  The Ordinary General Meeting of Shareholders approved OMV Petrom S.A.’s 2018 investment budget of 5.55 billion lei, up 58% from the 2017 investment (3.52 billion lei). The main destination of the investments is the Upstream segment, for which approximately 4.7 billion lei (84% of the budget) were budgeted, followed by Downstream Oil with an investment budget of 818 million lei for 2018.  

29.04.2018 · ROMANIA

ANRE CALCULATED A PROFIT RATE OF 5.07% IN POWER DISTRIBUTION FROM 2019 ON

  The National Regulatory Authority for Energy – ANRE has put in public debate two essential documents for updating the regulatory framework regarding recognizing the costs in establishing the electricity distribution tariffs. According to the draft order published on ANRE’s website, the regulated rate of profitability would decrease from 2019 to 5.07%, compared to the current level of 7.7%, valid from 2014.  

29.04.2018 · ROMANIA

E.ON: START FOR REGISTRATION IN THE 2018 ENERGY GLOBE AWARD ROMÂNIA COMPETITION

  The third edition of the E.ON Energy Globe Award Romania will be launched on May 1, when all those who have innovative projects, ideas or solutions in the field of energy efficiency and environmental protection can register, by the deadline 31, on the www.energyglobe.ro portal.  

29.04.2018 · ROMANIA

PRODUCTION COST OF RENEWABLE ENERGY NOW ”LOWER” THAN FOSSIL FUELS

  For the first time in history, the production cost of renewables is lower than that of fossil fuels, an industry asset manager has claimed.  

29.04.2018 · WORLD

TURKISH, IRANIAN, RUSSIAN FMS DISCUSS SYRIAN CRISIS

  Turkey's foreign minister discussed the latest situation in Syria with his Iranian and Russian counterparts in Moscow on Saturday, according to his Twitter post.  

29.04.2018 · TURKEY

HUGE EXPECTATIONS FROM ERDOGAN'S VISIT: UZBEK ENVOY

Turkish president to embark on 3-day visit to Uzbekistan on Sunday

29.04.2018 · TURKEY

TURKEY'S POWER GENERATION RISES BY 3.2% IN FEBRUARY

  Turkey's electricity production increased by 3.2 percent in February compared to February 2017, according to Turkish energy watchdog data on Saturday.  

29.04.2018 · TURKEY

TURKISH FLOATING PLANT TO SUPPLY MOZAMBIQUE & SUDAN

  Turkey's floating power plant, the Karadeniz Powership Irem Sultan, will soon start electricity production in the southwest African nation of Mozambique, Karpowership, a member of the Istanbul-based Karadeniz Energy Group announced Friday.  

29.04.2018 · TURKEY

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