Tag: <span>Oil reserves in Albania</span>

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Albania Is Seeking Bids for Oil Search for Block B
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Albania Is Seeking Bids for Oil Search for Block B

TIRANA, September 19 All the companies and subjects that are interested in exploring the Albanian grounds for oil and gas opportunities have now the chance to participate in the auction for Block B located in Rodon area, Western Albania. Recently, the Albanian government has been seeking bids for oil search by private companies. After the...

Analysis: Oil and gas exploration in Albania
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Analysis: Oil and gas exploration in Albania

Tirana, Albania 31 March 2016 In May 2015, Albania initiated an international call regarding seven oil and gas onshore and offshore blocks. The Albanian competent governmental institution, the Albanian Agency of Natural Resources (AANR), has publicized the map featuring the free blocks for exploration. Considering Albania’s high potential of oil and gas reserves, this is...

Roskovec Municipality and Bankers Petroleum sign MoU
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Roskovec Municipality and Bankers Petroleum sign MoU

A Memorandum of Understanding has been signed between Roskovec Municipality and Bankers Petroleum Canadian-based Oil Company which operates in this area. Bankers Petroleum is the biggest foreign investor in Albania which operates in Patos-Marinze oil field and the relations between the company and the local inhabitants in Patos Marinze area tensioned after an explosion caused...

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...

“Albania Oil, Gas & Energy 2015” Summit to be held in March 17-18
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“Albania Oil, Gas & Energy 2015” Summit to be held in March 17-18

Tirana city will host during March 17-18, 2015 international prestigious oil & gas companies that will attend “Albania Oil, Gas & Energy 2015” Summit 2015, organized by the Albanian Ministry of Energy and Industry and the International Research Network. The summit will focus on the general analysis of the oil and gas sector in Albania...