Turkey has discovered a Black Sea gas but tensions with Greece over drilling rights in the…
Topic: Black Sea
Business news and opportunities in and around the Black Sea
Russian Minister passes Turkish Stream buck back to Brussels
Russia will only agree to build a European extension to its Turkish Stream pipeline once it…
Saipem slaps €759m lawsuit on Gazprom for South Stream cancellation
Italian contractor Saipem has filed a €759m claim against Gazprom for cancelling the contract for the construction…
Bulgaria to develop Khan Asparuh oil field in Black Sea
Bulgaria is to begin developing the Khan Asparuh oil field in its Black Sea waters next…
Gazprom terminates Saipem Turkish Stream contract
Saipem, Italy’s biggest oil-and-gas contractor, has lost its $2.2bn contract to lay the Turkish Strean gas pipeline under…
New Kilo class submarine for Black Sea Fleet
The Black Sea Fleet is to take delivery of the new and improved Kilo class submarine designed and…
SOCAR Romanian expansion to cost €50m
SOCAR Romanian expansion: SOCAR is to invest €50m in a Romanian expansion drive this year. This equals the…
Gazprom pushes ahead with South Stream Austrian spur
South Stream Austrian spur: Gazprom is to press ahead with its plan to build an Austrian spur…
Chinese to build Krasnodar industrial park
Krasnodar industrial park: The Hong Kong-based Chinese Merchant International Investment Group is to build an industrial park…
Gazprom eyes Crimean oil
Crimean oil: Energy giant Gazprom is considering making an offer for Chernomorneftegaz, its Crimean counterpart that may…
CMA CGM to service Black Sea ports
French shipping company CMA CGM is to roll out its liner service from Hamburg to call…