EU & WBs / Albania Energy Investment Updates

EU & WBs / Albania Energy Investment Updates

Presentation of Albanian Centre for Energy Regulation and Conservation - ACERC

ACERC is a think tank centre with focus on the Albania energy market and its integration in the regional IEM. The Acerc mission base on the in-depth knowledge of EU and regional energy law and policy and strives to provide a qualified contribution to the promotion of the liberalization and effective integration as well as efficient use of energy resources.

main activities briefly consists in build-up collaborations and supports to market players in study researches such as the certificate reports, articles and periodicals. The transfer of high expertise through building-up institutional capacities by national and regional training courses, seminars and conferences. The institutional representation and integration within framework of the forum of Albanian School of Regulation.

For more visit us at the Official Website of Acerc | Albanian Energy Market - AEM Group in LinkedIn

Shell bids to drill two Albanian onshore blocks, Thu Jul 23, 2015

AEI Updates July 2015Posted by Adv. Lorenc Gordani, PhD Thu, July 23, 2015 17:05:29

A venture between Royal Dutch Shell (RDSa.L) and Canada's Petromanas (PMI.V) has applied to drill two onshore blocks in central Albania close to another promising well they are drilling further south, an official told Reuters on Thursday.

The official said three bids had been submitted for the blocks - from Shell Upstream Albania B.V with Petromanas Albania GmbH, Israel's Delek Group Limited (DLEKG.TA) and Interland Investments SA.

The National Resources Agency has forwarded the bids to the Energy Ministry, which will pick a winner and instruct the agency to start negotiations.

Shell's bid signals renewed interest in Albania, a NATO nation seeking to join the European Union, after many oil majors failed to strike oil there in the decade after it toppled communism in 1990.

The Shell-Petromanas venture in Albania is now drilling two wells to size up the output potential after very promising initial results at their Shpirag well, half a mile from the spot where Occidental found very little oil in 2001 and quit.

(Reporting by Benet Koleka; editing by Zoran Radosavljevic and Jason Neely)

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