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.

Acerc
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

Bulgaria Launches Tenders for Oil, Gas Exploration Rights at Silistar, Teres Blocks, Yolian Ivanov, 30 06 2015

AEI Updates June 2015Posted by Adv. Lorenc Gordani, PhD Tue, June 30, 2015 13:12:04

The tenders for oil and natural gas exploration rights for Block 1-14 Silistar and Block 1-22 Teres, two exploration blocks located in Bulgaria's Black Sea continental shelf and exclusive economic zone, are underway.

The licenses for prospecting and/or exploration of oil and natural gas will be awarded for 5-year periods. The applicant-merchant or at least one of the participants in the applicant-corporation should have generated total net income of sales for the last 3 financial years, depending on the date on which it was established, not less than EUR 150 000 000.

The deadline for submitting applications for participation in the competition expires on the 140th day following the publication and the deadline for submitting the proposals under the competition dossier expires on the 155th day following the publication. The holders of the permits are expected to be selected in early autumn.

The launch of the competitions for the two exploration blocks is part of the commitment of the Bulgarian government to reduce the country’s dependence on imports and to develop its domestic oil and gas reserves. The government expects that the competitions will attract the attention of leading international companies in the sector.



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