Unknown company takes over TransAtlantic Albania assets

Tirana Times
By Tirana Times March 11, 2016 09:28

Story Highlights

  • U.S.-based TransAtlantic Petroleum, which is also engaged in oil operations in Turkey and Bulgaria, says it has agreed to sell its Albania assets to GBC Oil Company Ltd in exchange for the future payment of a $2.3 million to a local bank and the assumption of $29.2 million of liabilities

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TIRANA, March 8 – U.S.-based TransAtlantic Petroleum has announced the sale of its loss-making Albanian unit to an unknown company named GBC Oil which has undertaken to pay off the

Tirana Times
By Tirana Times March 11, 2016 09:28