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Swiss company with alleged ties to Russia’s Gazprom gets major Albania oil fields

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8 years ago
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TIRANA, June 13 – A Switzerland-based company with business ties to Russian oil giant Gazprom has acquired three oil fields in southern Albania amid allegations that the Albanian government favored it in an international tender a couple of months ago, an investigation has shown. Transoil Group AG, which has been engaged in minor crude oil production in Albania since 2012, acquired the Gorisht-Kocul, the Cakran-Mollaj and the Amonica oilfields, all located in the region of Vlora, southern Albania in an international tender held on March 31. The Reporter news agency, BIRN Albania’s online Albanian language publication, says the Switzerland-based company…

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Story Highlights

  • The Reporter news agency, BIRN Albania’s online Albanian language publication, says the Switzerland-based company was announced a winner despite its controversial links to Gazprom, unknown shareholders and accumulated debts it owes to the Albanian government for its local oil operations

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