Tag: Albania

Pennine seeking partner for Velca block – Albania, 1 August 2018

Canadian Pennine Petroleum Corporation said that it has established a data room available to potential partners who are planning to participate in production sharing agreement for the Velca block in Albania. CEO of Pennine Petroleum Desmond Smith said that the virtual data room contains all the geological and geophysical data, adding that so far, five […]

OST launched 200 kV transmission line construction tender – Albania, 1 August 2018

Albanian electricity transmission system operator OST has launched a tender for the construction of a 200 kV transmission line in the northern part of the country. 200 kV transmission line in question will connect the cities of Burrel and Peshkopi in northern Albania. According to tender documentation, the maximum budget allocated to this project is […]

OSHEE recorded lower profit in 2017 – Albania, 6 July 2018

Albanian state-owned electricity distribution system operator OSHEE recorded a net profit in the amount of 14.4 million euros in 2017, which is significantly lower compared to net profit of almost 150 million euros recorded in 2016. The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) dropped to 46 million euros in 2017 from almost […]