Tag: refining

Low crude oil prices positive for Greek economy in long-term – Greece, 22 April 2020

Greek market is following international developments in the oil industry as rices plummet, with projections for the coming weeks remaining uncertain as analysts await June futures to obtain a clearer picture. According to the Ministry of Energy, international conditions in the oil markets are ver Full article available for subscribers of Energy NEWS service (PDF publications, energy news, […]

NIS posted 3 % higher profit in 2016 – Serbia, 27 February 2017

Serbian oil company NIS, majority owned by Russian GazpromNeft, announced that it has recorded a net profit in the amount of 121,2 million euros in 2016, which is a 3 % increase compared to 2015 and marked a discontinued downward trend that was brought by the oil industry crisis back in 2014. The company’s earnings […]

INA’s net profit reached 60.9 million euros – Croatia, 28 October 2016

In the first nine months of 2016, Croatian oil company INA achieved net profit excluding special items in the amount of 60.9 million euros, while its earnings before interest, taxes, depreciation and amortization (EBITDA) reached 208.9 million euros, which is significantly lower than last year. In comparison, INA’s EBITDA reached 358.3 million euros in the […]