Three international hydrocarbons companies have expressed their interest to invest in the hydrocarbons sector in Albania, to drill two onshore oil blocks in Dumre area. This was announced by the Ministry of Energy and Industry after several companies applied at the National Agency of Natural Resources for exploiting Block 4 and Dumre Block.
For “Block 4” have applied two companies Shell Upstream Albania B. & Petromanas Albania GmbH and Interland Investment SA, while for Dumre Block applied three companies, Shell Upstream Albania B. & Petromanas Albania GmbH, Interland Investment SA and Navitas Petroleum Limited.
Shell Upstream Albania and Petromanas are jointly working in Shpirag area in search of oil. Shell is one of the most known and successful companies in the hydrocarbons sector and is active in 90 countries worldwide. Navitas Petroleum Limited Israeli company is controlled by Delek Group LTD, a leading company in the world in various sectors as energy, oil and gas, energetic parks and infrastructure. It has a Market Cap of more than $5 billion and company’s activity is mainly focused in Eastern Mediterranean, Israel and Cyprus.
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