“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...