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 […]
If Russia limits supplies of natural gas, Turkey is going to compensate for this by the gas delivered through the Trans-Anatolian (TANAP) pipeline, Minister of Energy and Natural Resources of Turkey Ali Rıza Alaboyun said Oct.5. “I don’t think that Russia will limit the supply of natural gas in the winter months,” said the minister. […]
The Trans Adriatic Pipeline (TAP) project, designed to transport gas from the giant Shah Deniz II field in Azerbaijan to Europe, is progressing well and is on schedule to transport gas in early 2020, Lisa Givert, TAP Head of Communications told Trend. “TAP will begin construction next year as we are aligned to Shah Deniz’s […]
HAMILTON, Bermuda, Oct 01, 2015 (GLOBE NEWSWIRE via COMTEX) — TransAtlantic Petroleum Ltd. (nyse mkt:TAT) (TNP) (the “Company” or “TransAtlantic”) today provided an operational update on its current production and drilling program. Production Update TransAtlantic’s current average 7-day net production rate is approximately 6,220 BOEPD, comprised of approximately 5,360 BOPD and approximately 5.2 MMCFPD of […]
The process of acquisition of a 66 percent stake in the Greek DESFA gas operator by SOCAR (State Oil Company of Azerbaijan) runs smoothly, Greek Productive Reconstruction, Energy and Environment Minister Panos Skourletis said, the Greek media reported Oct.1. Skourletis made the remarks at a meeting with Azerbaijani Ambassador to Greece Rahman Mustafayev, Adviser to […]
The former director of Albania’s electricity distribution network operator, Arben Seferi, is being referred to prosecutors on suspicion of costing the state 9.7 million euros through suspect energy purchases. The Supreme State Audit said in a statement on Saturday that Seferi, former director of Albania’s electricity distribution network operator OSHEE, and two other former high-ranking […]
Costa Rica Costa Rica is well on its way to becoming the first developing country to have 100% renewable electricity. Thanks to our hydro, wind and geothermal resources, 98% of our power is already renewable according to official data (Spanish website). This year, Costa Rica had 100% renewable power for 94 consecutive days. This achievement […]
Canada’s Bankers Petroleum has agreed with Albania’s national resources watchdog to pick a third-party auditor to resolve a tax dispute over its 2011 spending, the company and Albanian officials said on Monday. Bankers Petroleum has been extracting oil for 11 years in the Patos-Marinza oil field under an output-sharing contract which allows it to recover […]
