Balkans Petroleum Summit, 16-17 October 2018, Bucharest
IN-VR Oil & Gas will be hosting Balkans Petroleum, a government-backed summit, taking place in Bucharest, from 16th to 17th…
MPs sent the gas companies back to the drawing board. Will they be back?
The Chamber of Deputies, in extraordinary session, passed by final vote the draft Law on some measures necessary for the…
Black Sea oil & gas industry is getting ready for the next stage of development
The favorable situation in the oil market, namely the increase in oil prices (the highest in the past three years),…
KMG International announces best-ever results since the takeover
KMG International publishes its fourth sustainability report, drafted according to international standards (Global Reporting Initiative G4), and announces the economic,…
World Bank, AIIB allocate $1.2b loan to Turkey for natural gas storage facility
urkey’s ever-growing energy industry continues to draw investments from international institutions. The World Bank and Asian Infrastructure Investment Bank (AIIB)…
Energy sector, the biggest contributor to global M&As so far in 2018
A historic peak in global mergers and acquisitions (M&A) in the first half of 2018 has seen the energy and…
The transaction between KMGI and CEFC has failed
The deal for the takeover of 51% of the shares of the oil company KMG International NV, the former Rompetrol…
L. Nistoran: Romgaz could take over one of Interagro’s chemical fertilizers plant
The strategy for development of Romgaz, the most important state-owned gas producer in Romania also includes investments in the chemical…
KMGI EBITDA up 12%, Petromidia sales to non-group grow 40% in Q1
This year’s first quarter brought an improvement for KMG International, in terms of its operational and financial results, in the…
Saudi Arabia plans to pump up to 11 million bpd of oil in July, a record high (Reuters)
Saudi Arabia plans to pump up to 11 million barrels of oil per day (bpd) in July, the highest in…
The gas price on the wholesale market will be about 15% higher in December 2018 compared to December 2017
The weighted average price of natural gas from domestic production traded on the Romanian Commodities Exchange (RCE) increased in the…
Romania faces Russian aggression on a daily basis and is fending off a wave of cyber-attacks
Romania faces Russian aggression on a daily basis in the Black Sea and is fending off a wave of cyber-attacks…
National Commission for Strategy and Prognosis: Slow changes in the energy mix over the next 3 years
According to the National Commission for Strategy and Prognosis (CNSP), Romania’s domestic energy consumption will increase slowly over the next…
Valentin Kunev (BBSPA): With gas projects, it is about evolutionary rather than revolutionary changes
Balkan and Black Sea Petroleum Association BBSPA held recently its annual conference in Bucharest, a two days event with over…
KazMunayGas renews the idea of Investment Fund and the Petromidia cogeneration plant proposals
The Chairman of the Management Board of KazMunayGas (KMG), the National Gas and Petroleum Company of Kazakhstan, Sauat Mynbayev, met…
GEO 64/2016 becomes law in the form proposed by the Government, sensitive changes have been moved into law 123
Parliament approved by law the GEO 64/2016, a decision welcomed by Energy Minister Anton Anton as a consensus that “strengthens…
CONPET obtains higher tariffs for the transport of crude oil, gasoline, condensate and ethane
The National Agency of Mineral Resources – NAMR approved the tariffs for the transport of crude oil, rich gas, condensate…