New investors, price recovery to stabilize Albanian oil industry, Fitch unit says

Tirana Times
By Tirana Times April 13, 2017 14:14

New investors, price recovery to stabilize Albanian oil industry, Fitch unit says

Story Highlights

  • "A swathe of mergers and acquisitions activity in the Albanian oil sector will create more stability in production from 2017. Stronger oil prices and the results of Shell's Shpirag-3 well will be key to encouraging new investment into exploration and production," says the BMI report

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TIRANA, April 13 – New investors and an improved price environment will see Albania’s oil and gas production stabilize by mid-2017 after a downward trend since mid-2014 following a slump

Tirana Times
By Tirana Times April 13, 2017 14:14