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industry

Why Oil is about to hit troubled waters

Brent crude briefly topped $70 a barrel last week, its highest since November 2014, and the obvious question was when would the shale drillers turn on the taps. The better question this time around is what will happen to demand and…

Extractive industry produced 953 mln $ in 2015

The mining and extractive industry in Albania, according to figures, marked a positive performance in 2015, despite being a difficult year due to low prices of raw materials in the international markets. The latest report of “Extractive…

Falling Oil Price Hits Albanian Petroleum

Bankers Petroleum announced that it has revised its investment programme for 2015 down to $153 million US (€127 million) due to the continued weakness of the oil price in the international market. Last December, the company projected…

Albania looks to develop slicker oil industry

The otherwise plain rolling hills south of the central Albanian city of Fier are remarkable for two main reasons. First, the fascinating Greco-Roman ruins of Apollonia and Byllis, the latter spectacularly set above a bend in the river Vjosa…