EurOil - Europe Oil & Gas
Top Turkish refiner Tupras says it's stopped buying Russian crude amid stepped-up sanctions
Turkey’s top oil refiner Tupras has ceased purchasing Russian crude because of stepped-up US sanctions announced in mid-January on Russian energy companies and tankers carrying Russian oil, the company said on an earnings call on February 17.
Russia reportedly considers selling 6% stake in NIS to Serbia after US imposed sanctions
Serbia is considering a range of solutions to ensure NIS’s continued operations, all of which carry economic and geopolitical risks.
Romania's crude oil production declines in 2024, imports on the rise
Romania’s crude oil production in 2024 totalled almost 2.675mn tonnes of oil equivalent (toe), marking a decline of 4.3% compared to the previous year.
Russia says pipeline drone strike set to wipe out up to third of Kazakhstan’s oil exports
Kremlin mouthpiece Medvedev claims Ukrainian attack was designed to harm US economic interests in deliberate move against Trump.
Hungary spends €12.5bn on utility subsidies in three years
Norway foresees record oil and gas investments in 2025 amid goals to maintain output
Norway’s ambitious oil and gas sector is expected to see record investments in 2025, during which the country will pursue a number of projects designed to meet continuing gas demand and keep the sector flourishing for decades.
Trump gives green light to restart LNG export permit approvals
The US LNG exports sector received long-awaited good news with the approval on February 14 of the first LNG export permit granted by President Donald Trump since his return to the White House.
Russian foreign minister accuses West of trying to destabilise Serbia
Sergei Lavrov slams sanctions on oil company NIS and claims ongoing protests are a foreign-backed effort to instigate a ‘colour revolution’ in Serbia.
Serbia and Hungary seek stronger energy ties with joint oil pipeline project
Serbian President Aleksandar Vucic and Hungarian Prime Minister Viktor Orbán agreed on February 17 that the construction of a new oil pipeline connecting their two countries is of strategic importance.
Iraqi oil minister says KRG crude exports to Turkish port will resume next week ending two-year suspension
Oil exports from northern Iraq’s semi-autonomous Kurdistan region will start flowing to the Turkish Mediterranean coast next week following a suspension of almost two years, Iraq’s Oil Minister Hayan Abdel Ghani said on February 17.
Ukrainian drone strikes Kazakhstan’s main oil export pipeline route in Russia
Attack comes on same day Hungarian and Kazakh top diplomats back idea of Ukraine conflict talks between Putin and Trump.
Istanbul-listed Petkim’s port unit obtains $140mn three-year loan from JPMorgan at SOFR+4.35%
Port operator Petlim, a unit of Turkish petrochemical producer Petkim (PETKM), has obtained a $140mn three-year loan from JPMorgan.
Serbia to increase crude oil imports by 25% in 2025
The threat of sanctions has prompted Serbia to adjust its energy import strategy, with an increased focus on securing alternative oil sources to ensure energy security in 2025 and beyond.
MOL successfully tests production and sustainable aviation fuel at Slovakian unit
Hungarian oil and gas company MOL said it successfully tested the production of new fuel types at a refinery managed by its Slovakian subsidiary, Slovnaft in Bratislava.
Gas transit through Slovakia to Ukraine spikes by 60% in three days
Shipments of gas to Ukraine through Slovakia increased by 60% on February 13 compared to the beginning of the week, February 10.
Biggest Turkish refiner Tupras reportedly restricting Russian oil purchases amid tightened sanctions
Biggest Turkish refiner Tupras is reportedly placing restrictions on its purchases of Russian oil and fuels in order to steer clear of potential breaches of US sanctions.
Bulgaria’s Anti-Corruption Fund refers new tender for Chiren gas storage expansion to EPPO
Bulgaria’s Anti-Corruption Fund NGO said on February 12 it has referred the new tender for expansion of the Chiren underground gas storage to the European Public Prosecutor’s Office and the European Climate Agency.
US Energy Department offers fresh figures on Caspian Basin energy reserves & production
A comprehensive overview of the regional energy sector.
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