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

Albania picks bids by Shell, Delek unit for oil exploration, Energy World Mag, 15/09/2015

AEI Updates September 2015Posted by Adv. Lorenc Gordani, PhD Sat, September 19, 2015 13:38:18

Albania has picked a venture led by Royal Dutch Shell and a company owned by Israeli’s Delek Group to carry out onshore oil exploration projects, subject to final contract agreements, an official told Reuters on Monday.

Shell Upstream Albania BV and Canada’s Petromanas will now negotiate with Albania’s National Resources Agency to get the final go-ahead to explore in sector four of the country, southeast of their current drilling site at Shpirag.

Navitas Petroleum, controlled by Israeli’s Delek, made the winning bid to explore the area of Dumre in central Albania.

The two successful bids followed more than two years of preparations by Albania to auction off more blocks, after it postponed the auctions of some onshore blocks because companies required more time.

The auction of offshore blocks was also delayed, because of Albania’s dispute with Greece over the division of their continental shelf in the Ionian Sea.

Promising initial results from a well in Shpirag by the Shell-Petromanas partnership has increased Shell’s interest in Albania and drawn international interest, despite low oil prices and the failure of previous exploration attempts in the country following the toppling of communism in 1991.

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