Over the past several decades Bulgaria has been attempting to establish itself as the center of the natural gas route in the Balkans, but so far it has achieved limited success. Natural gas plays a small role in the country’s domestic energy consumption. Its share of electricity generation stands at 13%, but it is widely […]
China will build railways and ports in Central and Eastern Europe as part of its “Silk Road Economic Belt.” Chinese Premier Li Keqiang hosted 16 European leaders in Suhzou on Tuesday and Wednesday, for the fourth China-Central and Eastern Europe (CEE) summit. The format, which held its first summit in 2012 in Warsaw, Poland, brings […]
On 24 November 2015, the 4th Summit of China and Central and Eastern European Countries (hereinafter referred to as “CEECs”) was held in Suzhou, China. Premier Li Keqiang of the People’s Republic of China, President Andrzej Duda of the Republic of Poland, Prime Minister Edi Rama of the Republic of Albania, Chairman of the Council […]
Trans Adriatic Pipeline AG (TAP) awarded a contract to Corinth Pipeworks S.A. who will provide approximately 495km of 48” diameter line pipes for the pipeline across Greece, TAP reported on November 20. This contract award makes up approximately 270,000 tonnes of line pipe. Corinth Pipeworks S.A. is a global supplier of high quality steel pipes […]
The market for high modulus asphalt mixes has become very competitive in recent years, most notably in the segment for bitumen additives. Written by Edith Tartari, MSc Eng, electronics engineer with Selenice Bitumi in Albania. The exploitation of natural asphalts as additives to modify the asphalt binders represents a growing challenge, especially in this moment […]
On November 16, 2015, the Company’s Board of Directors authorized the immediate launch of a marketing process for the sale of all of the Company’s oil and gas assets and operations in Albania. While TransAtlantic pursues the marketing process, it will continue the execution of its current operational plan focusing on low cost, high return […]
The fourth leaders’ meeting of China and Central and Eastern European (CEE) countries will be held in east China’s Suzhou city from Nov.24 to 25, the first time for China to host the meeting. LEADERS’ MEETING Chinese Premier Li Keqiang and the leaders from the 16 CEE countries will attend the meeting in Suzhou, Chinese […]
Azerbaijani President Ilham Aliyev addressed a working lunch as part of the G-20 Summit in Antalya on Nov.16. The head of state noted that high-level relations between Azerbaijan and Turkey are developing and bilateral cooperation in the energy sector is going on successfully, APA reports. Azerbaijan is successfully implementing major energy projects with Turkey, the […]
TransAtlantic Petroleum: OPEC Might Cut Production, But Company Continues To Cut Costs Summary The Albania Division is on the block for sale, or some definitive resolution and is in a company that is separate from the rest of the company. The Turkish division is cash flow positive and profitable at current prices even without hedges. […]
The landlocked Caspian Sea is one of the oldest oil producing regions in the world and growing its reputation as a gas producer, but the region poses a unique set of challenges to companies looking to develop its reserves. Bordered by Kazakhstan, Russia, Azerbaijan, Iran and Turkmenistan, the Caspian Sea is the largest enclosed body of saltwater in the world. Despite […]