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OMV Petrom, the largest oil and gas company in Romania, has announced that it will transfer 50% of its stake in the Bulgarian offshore Khan Asparuh block to NewMed Energy Balkan, a subsidiary of Israel's NewMed Energy, BalkanEnginner.com has learned from a publication of the Romanian company. The company will retain its role as operator of the project.
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The world-famous Shell brand is entering the Albanian fuel market in partnership with local leader Kastrati Group. This follows the signing of an agreement between Shell's Greek licensee, Coral, and the Albanian conglomerate. BalkanEngineer.com has learned from an official Coral announcement on LinkedIn that the first Shell-branded service stations in Albania will open by the end of 2025.
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Serbia's President Aleksandar Vucic has announced the country's intention to start negotiations with Azerbaijan to build a 1 GW gas power plant in the city of Nis.
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Founded in 1942 in Copenhagen, Denmark, DEVI quickly established itself as a global market leader in electric heating products, solutions, and systems. Since 2003, it has been part of the high-tech giant Danfoss and it currently operates as an independent commercial and manufacturing unit.
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A zero-carbon GridStar Flow battery factory using Lockheed Martin's innovative technology will be built in Oradea, Romania, BalkanEngineer.com has learned from thediplomat.ro.
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The construction sector has overtaken concessions in profitability in Albania for the first time, BalkanEngineer.com has learned from Monitor.al's annual report, which ranks the country's 200 most profitable companies.
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Romanian plastics manufacturer TeraPlast has announced the opening of a new stretch film plant at its industrial park in Saratel (Sărățel), Bistrita-Nasaud County.
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Melexis Bulgaria, part of the international leader in microelectronics Melexis, has opened a new high-tech laboratory at its base in Sofia.
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Strickland Metals Ltd has discovered new gold and base metal deposits at its Rogozna project in Serbia.
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Johnson Matthey has marked a significant achievement with the production of 150 million products at its factory in Skopje, northern Macedonia.