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 […]
The European Biomass Conference and Exhibition (EUBCE) is a world class annual event which, since 1980, is held at different venues throughout Europe. The EUBCE covers the entire value chain of biomass to conduct business, network, and to present and discuss the latest developments and innovations, the vision is to educate the biomass community and to […]
The energy minister and state attorney are being sued over an agreement to resolve a dispute they signed with power giant CEZ which allegedly cost the state 479 million euro. The Albanian Supreme State Audit, KLSH, said on Wednesday that it was suing energy minister Damian Gjiknuri and state attorney Alma Hicka over the agreement […]
Moldova has joined the high-level group of CESEC, the gas connectivity initiative of the European Commission for central-eastern and southeastern Europe. “On 12 October, the Vice-President in charge of the Energy Union, Maros Sefcovic, witnessed the signature of the Memorandum of Understanding and its Action Plan by the Prime Minister of Moldova Valeriu Strelet”, the Commission […]
US diplomats are working in Greece to make sure the interconnector project between Athens and Sofia will be carried out, the Bulgarian National Radio has said. “The interconnector with Bulgaria is a priority for Greece‘s energy policy as well,” BNR’s correspondent in Athens quotes Greek Energy Minister Skourletis as telling lawmakers in Parliament. US energy […]
Baku, October 14, “Natural gas to be produced from “Shah Deniz 2″ till 2044, has already been distributed among companies from 8 countries on the basis of a contract signed for a period of 25 years”, said Deputy Energy Minister of Azerbaijan Natig Abbasov in an interview to Russia’s “news.rambler.ru” website. Russia’s “news.rambler.ru” website distorted […]
Prime Minister of Albania, Edi Rama has left today for an official visit to the Czech Republic. On Tuesday, he’s expected to have a meeting with the Czech Prime Minister, Bohuslav Sobotka. Prime Minister of Albania, Edi Rama has left today for an official visit to the Czech Republic. On Tuesday, he’s expected to have […]
TIRANA: Oil and gas exploration has dominated Albania’s foreign investments, the Bank of Albania said on Saturday. In early 2014, the extracting industry accounted for about 58 percent of Albania’s total foreign investments with an amount of 504 million euros ($564.88 million). However, it dropped 14 percent compared to 2013, yet still remained dominant in the […]