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Albania will turn into an exporter of power supply

By   /  19/01/2017  /  AL Energy, Albania, Energy  /  No Comments

Gjiknuri ne Singapor

Minister Gjiknuri in Singapore: Invest in Albania During a visit held in Singapore, as part of a delegation led by PM Edi Rama, Minister of Energy and Industry, Mr. Damian Gjiknuri addressed a speech in front of investors in the Forum of Trade and Investments Singapore-Albania. Stopping on the domain of energy, minister Gjiknuri said […]

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20 million euro loan for Albania-FYROM power line

By   /  18/01/2017  /  AL Energy, Albania, Energy  /  No Comments

energy

Albanian parliament has ratified the agreement between Albania and Germany for the funding of the energy line that connects Albania to the former Yugoslav Republic of Macedonia. According to this agreement, government of Germany enables the Albanian side to receive a loan from KFW bank at a value of up to 20 million euros. This […]

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“It is impossible for Bankers to declare a loss for 12 years in a row”

By   /  10/01/2017  /  AL Energy, Albania, Energy  /  No Comments

bankers-petroleum ibna

The High State Audit in Albania says that it is absurd and unacceptable for the foreign company, Bankers Petroleum to declare a loss during the 12 years that it has exerted its activity in Albania. This is the company that has the biggest concessionary agreement for the oil sector in Albania. HAS has pointed out […]

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A Brit passionate about Albanian

By   /  23/11/2016  /  AL Energy, Albania, Culture, Headlines  /  Comments Off on A Brit passionate about Albanian

alan-andon

Alan Andon, known about the publication of his book called Xenophobe’s Guide, is a Brit who is very passionate about Albania. His real name is Andy Michajlovic and he is from Scotland, but he prefers to use a typical Albanian name, Alan Andoni. Alan has chosen to live in Albania, after discovering this country through […]

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Albania introduces a 33% duty tax on the current price of liquid gas

By   /  14/11/2016  /  AL Energy, Albania, Energy, Headlines  /  Comments Off on Albania introduces a 33% duty tax on the current price of liquid gas

gas-price

In the recent years, use of liquid gas by cars in Albania had expanded significantly as the price of liquid gas is lower than other fuels, which have constantly increased in price. But, as of 1 January of next year, all users of cars working on liquid gas will face a fresh increase of the […]

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One dead and five wounded in an oil refinery explosion

By   /  11/11/2016  /  AL Energy, Albania, Energy, Headlines  /  Comments Off on One dead and five wounded in an oil refinery explosion

ballsh-1

A powerful blast has taken place on Thursday evening in the oil refinery of Ballsh, causing a large scale fire. As a result, one person has lost his life and five others have remained seriously wounded. One of the wounded is fighting for life in hospital. They have sustained severe burns as a result of the […]

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Germany to finance the power line linking Albania to FYROM

By   /  28/10/2016  /  AL Energy, Albania, Energy, Headlines  /  Comments Off on Germany to finance the power line linking Albania to FYROM

gjiknuri

The Albanian and German government signed today the second part of the agreement for the funding of the project “Transmission line 400 kV Albania-FYROM”. In total, the low interest rate loan that the German bank KfW is funding for this project amounts to 50 million euros. The project strengthens interconnection lines with the region, enabling […]

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Supreme Court suspends the investigation on the minister of Energy for a 470 million euro affair

By   /  24/10/2016  /  AL Energy, Albania, Energy, Headlines  /  Comments Off on Supreme Court suspends the investigation on the minister of Energy for a 470 million euro affair

gjiknuri

Tirana, 24 October 2016/Independent Balkan News Agency In Albania, the Supreme Court has overthrown the request of the High State Audit for what is known as the CEZ scandal, relating to the power distribution company, which for years was owned by the state owned Czech company. HSA had demanded a fresh inquiry to be opened […]

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Government issues an ultimatum to petrol stations: New security measures against robbers

By   /  21/10/2016  /  AL Business, AL Energy, Albania, Business, Energy, Headlines  /  Comments Off on Government issues an ultimatum to petrol stations: New security measures against robbers

fuels

Tirana, 21 October 2016/Independent Balkan News Agency In Albania, the government is trying to put a stop to the growing number of robberies taking place in petrol stations, attempting to force companies to take new extra security measures. In a letter sent to companies selling fuel, Minister of Interior, Saimir Tahiri, has issued a six […]

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China blocks the sale, Bankers secures the sale of oil production

By   /  01/09/2016  /  AL Energy, Albania, Energy  /  Comments Off on China blocks the sale, Bankers secures the sale of oil production

Bankers-Petroleum IBNA2

Tirana, 1 September 2016/Independent Balkan News Agency Canadian company, Bankers Petroleum, which operates in the oil rich area of Fier, in Albania, has signed a conditional agreement in the Albanian market with Ionian Refining and Trading Co. (IRTC). Bankers may sell up to 65% of its crude oil production under the agreement pursuant to which […]

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