Latest news
Exploration assets sold by Petrom in Russia
The major oil and gas group in Romania, Petrom, owned mostly by Austrian OMV, sold 75% of exploration assets in Ring Oil to its minority partner Mineral and Bio Oil Fuels Limited in Russia, since it focuses mainly on the Romanian and Kazakh activities. The total value of the transaction was not disclosed.
read more... 07/09/2010
EVN gets involved in Bulgarian hydropower project
Austrian utility EVN intends to take the majority stake in the Bulgarian hydropower project launched by NEK, the largest state energy utility in the country.
read more... 21/07/2010
Verbund aims to reduce its debt
Verbund, the major Austrian power utility, intends to issue shares for the total sum of 1 billion euros, in order to reduce its debt.
read more... 01/07/2010
EVN interested in Bulgarian hydro project
Austrian utility EVN is going to buy 30.1% of Turkish CCG share in a Bulgarian hydropower project for an unknown sum.
read more... 17/05/2010
Romania wants to reduce its participation in Petrom
OMV, Austrian major oil and gas group, does not intend to increase its share in its Petrom division, even though the Romanian government would like to vend a part of its 21% stake in order to reduce its participation to 8%, according to OMV’s representative on Tuesday.
read more... 27/04/2010