EurOil - Europe Oil & Gas
Croatia’s INA produces first sustainable aviation fuel at Rijeka refinery
Croatian energy company INA has produced sustainable aviation fuel for the first time at its Rijeka Oil Refinery as part of its efforts to reduce carbon emissions and comply with EU renewable energy targets.
Russian Zarubezhneft reportedly wants to buy Bosnian Krajinapetrol
The Russian oil company Zarubezhneft is interested in buying Krajinapetrol, Indikator.ba news outlet reported on July 16.
Serbia to complete gas storage expansion by end-2026
Serbia expects to complete the expansion of its underground gas storage facility at Banatski Dvor by the end of 2026, raising capacity from 450mn to 750mn cubic metres.
BP warns of Q2 hit from lower oil and gas prices
BP said on July 11 that lower realised prices for oil and gas are expected to weigh on its second-quarter earnings.
Slovakia’s Fico holding out for full Russian gas import exemption EU with sanctions veto
Slovak Prime Minister Robert Fico has demanded that the European Commission grant Slovakia a exemption allowing it to continue importing Russian gas until 2034, otherwise Bratislava will refuse to lift its veto on the EU’s 18th sanctions package.
Kazakhstan’s oil output rises 11.6% in first half
Kazakhstan increased its oil production by 11.6% y/y in the first half of 2025, reaching 49.9mn tonnes, Reuters reported on July 15, citing senior officials.
Slovak PM Fico delays approval of EU’s sanctions package again, blaming Slovak opposition
Slovak populist Prime Minister Robert Fico has again delayed approval of the latest 18th round of EU sanctions against Russia, blaming his latest blocking on the opposition parties in Slovakia.
KazMunayGaz and Hungary’s MOL agree oil volumes, but pricing talks delay shipments
Kazakhstan’s state oil company KazMunayGaz and Hungary’s MOL Group have agreed on the volume of Kazakh crude oil to be delivered to Budapest via pipeline, though pricing negotiations are still ongoing, Upstream reported on July 14.
NIS sanctions talks drag on as Serbia caught between US and Russia
Serbia is in talks with the United States to secure a fifth waiver from sanctions targeting its sole oil company NIS, but negotiations are proving difficult.
Slovak PM Fico expects deal with EU over sanctions against Russia on July 15, and threatens to continue blocking sanctions if none made.
Slovak populist Prime Minister Robert Fico expects an agreement between the European Union and Slovakia could be reached on Tuesday, July 15, over Slovakia lifting its veto of the EU’s 18th round of sanctions against Russia.
Slovakia seeks EU guarantees on Russian gas phase-out ahead of sanctions deal
Slovakia is pushing for firm guarantees from the European Commission and key EU member states over the future of its energy security, as it links this condition to its support for a fresh round of sanctions on Russian gas imports.
Slovenia’s Petrol under fire for gas station closures amid blackmail accusations
Four smaller gas stations run by Slovenian fuel retailer Petrol remain closed, with the company’s management staying silent about future plans.
EU mulls further cut in Russian oil price cap
The EU is considering a proposal to reduce the price cap on Russian oil from the current $60 per barrel and to introduce a mechanism for reviewing the cap every three months based on market trends.
SEFE secures further LNG supplies from Abu Dhabi, US
SEFE has bolstered its LNG supplies with new deals with ADNOC Gas and Venture Global
Poland targets 5bn cubic metres in annual biogas output by 2035, says BGK
The report noted that the EU’s REPowerEU initiative aims to replace part of the bloc’s Russian gas imports with biomethane. While Poland currently operates only one biomethane facility, 30 additional plants are under development.
PM Fico insists on blocking EU sanctions against Russia unless Slovakia obtains energy guarantees
Biogas, biomethane can meet 8% of Turkey’s gas needs, experts say
Biogas and biomethane derived from organic waste could meet approximately 8% of Turkey’s annual natural gas demand, according to experts.
MOL eyes Ukrainian pipeline to cut Russian oil dependence ahead of EU ban
Hungarian energy group MOL is seeking access to Ukraine’s Odessa-Brody pipeline in a bid to reduce Hungary’s reliance on Russian crude before the EU’s planned import ban comes into force in 2027.
Bulgaria probes Botas gas deal
Bulgaria’s anti-corruption body raided offices of the energy ministry and the gas companies Bulgargaz and Bulgartransgaz in an investigation of a contract with Turkish state-owned gas operator Botas.
BALKAN BLOG: Can Croatia become a European energy and transport hub?
Croatia has ambitions to become a gateway for energy and trade in Europe, but questions remain about how far this can be achieved in a competitive field.
North Macedonia launches construction of €60mn gas interconnector project with Greece
North Macedonia marked a significant milestone in its energy infrastructure on July 9 with the official launch of construction works for the long-awaited gas interconnector with Greece, a project valued at approximately €60mn.
Serbia's NIS adds Gazprom Neft executives to board
Serbian oil and gas producer NIS has appointed two executives from Gazprom Neft to its board of directors.
Kuwait Petroleum International opens Europe's largest service stations in Luxembourg
Kuwait Petroleum International announced the start of operations at its two new service stations, Berchem East and West, located on the motorway in Luxembourg, on July 8. These stations are recognised as the largest and most prominent in Europe.
Azerbaijan, Slovenia discuss gas supply expansion and green energy cooperation
According to a press release by Azerbaijan's Energy Ministry, both sides expressed satisfaction with the development of bilateral relations, which will mark their 30th anniversary in 2026.
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