Vitol

Mytilineos on Thursday announced the signing of a contract for the development of an open-cycle gas turbine (OCGT) power plant project in Immingham, North Lincolnshire in England, for VPI Immingham-B LLP (VPI-B), a non-consolidated group entity of Vitol.

The contract signed by Mytilineos consists of the engineering, procurement and construction (EPC) of a 299-megawatt OCGT plant.

Israel pledged its support to its European allies in their quest for energy security and independence through Energy Minister Karin Elharar during yesterday's ministerial meeting with Costas Skrekas and Cypriot Minister Natasa Peleidou.

This was noted by Ms. Elharar in her statements promising gas exports from the fields of the Israeli EEZ to European markets.

No binding bids have been submitted for a majority stake in Greece's biggest oil refiner Hellenic Petroleum, dealing a blow to a key part of a planned sell-off of state assets mandated by international bailouts.

The two candidate investors vying for 50.1 percent of Hellenic Petroleum (HELPE), Vitol and Glencore, are seeking partners to submit joint binding bids for the majority stake in the listed company by January 2019.

Athens has short-listed both remaining candidates in the tender for the privatization of Hellenic Petroleum, while Brussels opened the way on Monday - in record time - for the completion of the privatization of gas grid operator DESFA.

As expected, international traders Glencore and Vitol were short-listed on Tuesday in the tender for the 50.1 percent stake in Hellenic Petroleum (HELPE) after three other bidders were dropped from the second stage.

Austrian oil and gas group OMV has announced the sale of its Turkish subsidiary Petrol Ofisi to Swiss oil trading giant Vitol for 1.368 billion euros ($1.45 billion).

Israel has reportedly purchased as much as 77 percent of its oil supplies from the Kurdistan Regional Government (KRG) in northern Iraq, providing them with an essential source of funding in their campaign against the Islamic State of Iraq and the Levant (ISIL), a new report in the Financial Times revealed on Aug. 24.