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 5bn m³/year line was originally signed in 2007 by Croatia, Montenegro and Albania. The length of 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 Economics (IAEE) in Baku on August 29. Despite the decline in oil prices, Azerbaijan continues to realize big transnational […]
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 of the People’s Republic of China in the United Nations back in the days, which […]
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 report on the 2011 tax dispute said that Bankers “correctly stated its 2011 expenses as cost recoverable”, Bankers said in a statement. In February Bankers, […]
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 located between the Black and Mediterranean seas is of fundamental importance not only in the realization of offshore […]
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 opportunity to strengthen existing relationships and create new ones, see new technological developments and innovations, discuss future business […]
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 Turkish Stream pipeline project is expected to be the concrete outcome of the […]
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. TAP’s route through Albania is approximately 215 kilometers onshore and 37 km offshore in the […]
Iran’s gas plans for Caucasus Iran says it is preparing to triple gas exports to Armenia, start exports to Georgia and store its gas in Azerbaijan’s underground facilities. For now, Iran barters about 1mn m3/d of gas with Armenian power at 1 m3 per 3kWh. Iran said this week that the volume of the gas-to-power […]
Athens is turning to Sofia in an attempt to re-establish its position in the region, top policy expert tells New Europe. Greece and Bulgaria agreed to boost energy security in the Balkans in the framework of the European Union, during Greek Prime Minister Alexis Tsipras’ visit to Sofia on August 1. Tsipras met with his […]