Albania is the largest exporter of crude oil in the Energy Community and is home to the largest onshore oil field in Europe (i.e. Patos Marinza). A number of foreign investors have already entered this market, yet regulation of the upstream sector is...
“Pennine” is pleased to announce that it has signed a Production Sharing Agreement (“PSA”) with Albpetrol Sh.A (“Albpetrol”) for the exploration and development of the Velca Block in Albania. The finalized PSA con...
Interestingly enough, the gas sector once played an important role in Albania and the country was a relatively large gas producer. In 1982, gas production amounted to one billion cubic metres but has now dropped to mere 0.01 billion cubic metres. It...
International Center on Small Hydro Power, an international organization co-funded by the UN devoted to the promotion and development of small hydro power globally. The organization is constantly searching for ways to increase cooperation projects wi...
Intesa Sanpaolo said on Wednesday it has lifted its 2016 economic growth estimate for Albania to 3.0% from 2.8% forecast earlier. “GDP is forecast to grow by 3% (with possible upside to 3.3%) in 2016, and to further increase by 3.5% (with possi...
Sky News understands that Geron Energy Investment lodged an 80p-a-share indicative offer for San Leon in recent weeks. Talks about the bid from Geron Energy are ongoing, prompting a statement on Monday from the board of San Leon which confirmed that...
The World Bank’s board of directors approved loans of $400 million each for Turkey and Azerbaijan, for the Trans-Anatolian Natural Gas Pipeline (TANAP) project late Tuesday, December 20, Anadolu Agency reports. The loans will be supplied through the...
Four western Balkans nations signed a memorandum of understanding with Azerbaijan state Socar on co-operation on building the Ionian Adriatic pipeline (IAP) on the sidelines of a Dubrovnik forum 25-26 August. The declaration of intent to develop the...
The Southern Gas Corridor (SGC) project will enhance Azerbaijan’s role in forming eastern and western energy corridors. Deputy Energy Minister Natig Abbasov made the remarks at the first Eurasian Conference of the International Association for Energy...
On August 25, 2016, Foreign Minister Wang Yi held talks in Beijing with visiting Foreign Minister Ditmir Bushati of Albania. Wang Yi expressed that Albania is a traditional friend of China. It made historic contributions to recovering the lawful seat...
Canada-based Bankers Petroleum said on August 29 it has finally resolved a tax dispute with the Albanian government and it will be reimbursed for “excessive payments” made to the Albanian tax authorities. The binding third-party audit rep...
One of the pillars of E.U. policy lies in the diversification of energy resources alongside the pursuit of member states towards greater security and sovereignty of their own hydrocarbons requirements. The region of South East Europe, strategically...
The Global Oil&Gas Exhibition provides an important platform for stakeholders in the region to showcase their products and services. Meeting existing and future customers face-to-face is now more important than ever. The exhibition will give you...
The presidents of Russia and Turkey are expected to repair relations and revive a gas pipeline project at a meeting in St. Petersburg on Tuesday. There is, however, one key issue on the table, DW’s Andrey Gurkov writes. The revival of the Turki...
The Trans Adriatic Pipeline (TAP) AG has announced that the construction of the pipeline on the territory of Albania is progressing without delays. TAP AG tweeted that 87.5 percent of access roads and bridges in Albania have already been upgraded. TA...