EPS and EPS Distribucija officially separated – Serbia, 29 December 2020

The ownership of electricity distribution system operator EPS Distribucija has been transferred from power utility EPS to the Government of Serbia, thus enabling further development of both state companies, which will not be privatized or reduce the number of employees. The agreement was signed b Full article available for subscribers of Energy NEWS service (PDF […]

Government expects lower electricity prices following full liberalization – Romania, 29 December 2020

Romanian Minister of Economy and Energy Virgil Popescu said that residential electricity consumers should conclude new contracts on the free market, where they will find lower prices than they would pay if they stay with the old contracts, after full market liberalization kicks in on 1 January 2021. Full article available for subscribers of Energy […]

OMV Petrom withdraws from Kazakhstan to focus on the Black Sea region – Romania, 29 December 2020

The largest Romanian oil and gas company OMV Petrom, a part of Austrian OMV Group, signed the transaction for the sale of 100 % of its stake in Kom-Munai (KOM) and Tasbulat Oil Corporation (TOC) in Kazakhstan to Magnetic Oil Limited. KOM and TOC hold production licenses for four onshore fields, Full article available for […]