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Minister Ismajli participates in the energy conference in Lithuania
The Minister of Economic Development, Fadil Ismajli, participated on 05 November in the conference on "Completing the Internal Energy Market", held on 4 and 5 November in Vilnius, Lithuania. The conference was organized by the Government of…
Natural Gas Prospects in the Balkans
A recent international energy workshop in Athens, Greece provided several pointers for the up and coming upstream gas sector in several Balkan countries.
The region is unexplored in most respects and workshop participants were assured of…
Chrome smuggling
Several police forces are inspecting Bulqiza to fight the chrome smuggling. The Mirdita police office stopped and seized three other trucks filled with chrome.
The legal basis that the police is using is the lack of the respective…
Petromanas Announces Sale Of Shares By DWM and Purchase by Officers and Directors
Petromanas Energy announced on 06 November that a group of investors, including existing shareholders and certain directors and officers of the Company, has purchased common shares of the Company which were divested by Petromanas' largest…
Shell encouraged by positive oil well test results in Albania
Royal Dutch Shell and Petromanas Energy Inc. announced on 04 November positive test results from the Shpirag-2 well in Block 2-3, which covers an area of 3,450 square kilometres onshore south-central Albania.
The well was drilled by the…
Montenegro launches first bid for oil and gas exploitation and production
“For a small country as Montenegro, where each project in the energy sector is essentially a cross-border one, careful management of resources is a key issue of the future success in economy and sustainable development”, Montenegro’s Prime…
Stream Oil & Gas Responds to Rumours on 10% Mineral Royalty Tax Neutralization
Stream Oil & Gas Ltd. responded on 04 November to rumours as presented by various Albanian media sources and provides an update on the 10% mineral royalty tax neutralization.
It has come to Management’s attention that a local…
Stream Oil, 35 million USD of due obligations
The government has started the procedures for breaking the first big concession, which apparently is in the oil sector.
Top Channel has learned that Albpetrol, the public company that surveys the oil concessions, has started the…
European Parliament expresses support for strengthening the Energy Community Treaty
In a resolution on the European Neighbourhood Policy adopted on 23 October, the European Parliament expressed its support for “extending the Energy Community Treaty beyond 2016, whilst adapting its decision-making to future challenges,…
Oil and chrome concessions scandal
One day after Top Channel published how concessionary companies are exploiting the national wealth by paying minimal taxes to the Albanian state, new shocking facts come to light about the abuses in this sector.
Official sources from…