Economy of Europe

Plan to Develop Romanian Black Sea Gas Fields Unveiled

Energy companies OMV Petrom and Romgaz on Wednesday backed plans to develop the Domino and Pelican Sud commercial natural gas fields in the Romanian Neptun Deep perimeter in the Black Sea.

The two companies will invest up to 4 billion euros for the development phase of the project, which will generate production of about 100 billion cubic meters of natural gas over ten years.

EIT sets up info center in Cyprus

The European Institute of Innovation and Technology (EIT) is about to set up an information center in Cyprus, called the EIT Community RIS Hub and is already in search of a national secretary to lead and coordinate it.

The announcement was made on Wednesday at an info day event in Cyprus, co-organized by the EIT and the Research and Innovation Foundation (RIF).