Oil companies

Hungarian energy group MOL buys OMV’s Slovenian service stations

Ljubljana – Hungarian energy group MOL has acquired a network of 120 service stations operated by Austrian energy group OMV in Slovenia, subject to regulatory approval. The purchase consideration for the outright stake in the company OMV Slovenija is EUR 301 million, MOL announced on Tuesday.

Italgas to enter Greek market

Italy's biggest natural gas distribution company, Italgas, is on the verge of entering the Greek market.

Kathimerini understands that Europe's third largest gas distributor is very close to reaching an agreement with fellow Italian Eni Gas e Luce for the acquisition of the latter's portfolio in the Greek gas grid.

China Oil Corporation Announces New Oil and Gas Reserves

China's National Petroleum Corporation (CNPC), the largest producer and supplier in the sector, said it had explored new oil and gas reserves.

The company has discovered more than 1 billion tonnes of oil reserves in northwest China. The new proven oil reserves are 358 million tonnes, while the estimated oil reserves can reach 693 million tonnes.