Tag: <span>Oil and gas sector in Albania</span>

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A new economic model for allocating taxes in oil & gas sector
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A new economic model for allocating taxes in oil & gas sector

The head of the National Agency of Natural Resources Dael Dervishi has announced that the government will apply a new economic model in allocating taxes from companies working in the oil and gas sector. According to Dervishi, the NANR has undertaken several inspections in this sector in order to reduce the informality and identify frauds...

Albania invites United Arab Emirates’ investors to invest in solar energy and gas field
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Albania invites United Arab Emirates’ investors to invest in solar energy and gas field

Let’s connect   On Thursday, October 15, the Albanian Minister of Energy Damian Gjiknuri welcomed in an official meeting his counterpart from United Arab Emirates, Suhail Mohammed Faraj Al Mazrouei, in Tirana capital. The two Ministers of Energy discussed about the need and the opportunities Albania offers to foreign investors in the energy sector. The...

Minister of Energy: We will not allow the creation of a monopoly gas market
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Minister of Energy: We will not allow the creation of a monopoly gas market

The Minister of Energy and Industry, Damian Gjiknuri has declared at the parliamentary Commission of Laws that the Ministry is compiling a master plan for the gas sector which will not allow the creation of monopoly gas distributors which will provide gas supply for consummators or businesses. According to Gjiknuri, this master plan will give...

45% of produced crude oil in Albania is used for domestic consumption
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45% of produced crude oil in Albania is used for domestic consumption

The National Agency of Natural Resources has issued a new report regarding the activity of hydrocarbon companies which currently are exploiting and producing oil and gas in the Albanian territory, based on the Hydrocarbons Agreement. According to the report, during the first semiannual of this year the total amount of produced oil was 649.817 tons...

Interested companies for oil exploration to bid offers within October 15
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Interested companies for oil exploration to bid offers within October 15

All interested companies in bidding for oil and gas exploration in Blocks C, 5 and Panaja Block in Vlore County will have to submit their application before October 15th, 2015. The deadline  announced by the National Agency of Natural Resources which is currently compiling the Agreement of Hydrocarbons. The competent institution of the signing of...

7 free blocks of oil & gas reserves to be given with concession within June 25
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7 free blocks of oil & gas reserves to be given with concession within June 25

The Albanian government has announced the international auction for three first hydrocarbon blocks that will be given with concession to private companies. The Minister of Energy and Industry, Damian Gjiknuri announced the beginning of the procedures for Hydrocarbon Agreements for oil and gas exploitation in seven zones defined by the National Agency of Natural Resources....

Bankers replies to SP deputy accusations on the explosion in Marinze village
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Bankers replies to SP deputy accusations on the explosion in Marinze village

Bankers Petroleum Canadian company has replied to the declaration of Erjon Brace SP deputy regarding the explosion of two oil wells on April 1st in Marinze area, in Fier. The press release by Bankers underlines that the company has shown transparency regarding its actions before and after the incident. The statement highlights the total readiness...

The processing amount of oil quadrupled during 2014, compared to 2013
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The processing amount of oil quadrupled during 2014, compared to 2013

Although Albania is rich in natural resources of hydrocarbons, the processing of these resources has faced many difficulties since the country doesn’t have the necessary means factories to process them. The substantial growth of oil extraction has increased the possibilities for processing it and experts have predicted that during this year, will be processed about...

New unit to establish for the inspection of hydrocarbons market
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New unit to establish for the inspection of hydrocarbons market

The Commission of Producing Activity, Trade and Environment reviewed today the draft law on the “Processing, Transporting and Trading oil, gas and their sub-products”. This draft law aims to guarantee and ensure the right protection of final consumers through a special structure that will be established at the Ministry of Economic Development. Present in the...