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Orlen sold Lotos assets for at least €1.15bn below market value, state auditor says

6 February 2024

Warsaw-listed fuels and energy giant Orlen sold assets of peer Lotos PLN5bn (€1.15bn) below their market value, according to a report by the state audit body NIK.

Five companies interested in building new reactors at Bulgaria's Kozloduy NPP

5 February 2024

Russian companies not allowed to bid for expansion of Bulgaria's only nuclear power station, intended to ensure country's energy security.

New Polish government dismisses Orlen chief as clean-up after PiS continues in state companies

2 February 2024

Investigations launched into sell-off of assets in Lotos merger, and company’s lowering of fuel prices before the election last year.

Russia oil product exports fall by a third due to Ukrainian drone attacks on refineries

2 February 2024

Russia is increasingly struggling to maintain the export of oil products after at least half a dozen long-distance Ukrainian drone attacks on refineries caused fires causing temporary halts in production at facilities across western Russia.

Favourite Westinghouse ejected from Czech nuclear tender

31 January 2024

Czech premier announces French EDF and South Korean KHNP will be asked to submit binding offers for up to four new units at the Dukovany and Temelin nuclear power plants.

Is this the last year of Russian gas transit via Ukraine?

30 January 2024

Ukraine has insisted it has no intention of renewing its gas transit contract with Russia that is due to expire at the end of this year.

China shaping Central Asia into auto export hub

30 January 2024

Uzbek President Shavkat Mirziyoyev hopes that a new BYD plant in his country will before long be able to produce 300,000 cars per year.

Biden suspends four LNG export licences to burnish his green credentials

30 January 2024

The Biden administration has temporarily frozen approvals of all new licences for the export of US LNG to assess their environmental impact in a move that could disrupt global energy markets.