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TIRANA, Dec. 12 – Albania has finally concluded contract negotiations with the Royal Dutch Shell over a new oil exploration block, extending the British-Dutch multinational’s operations in the country, currently at an exploration stage, to three blocks. The conclusion of contract negotiations comes after lengthy two-year talks dating back to mid-2015 when Albania selected the Dutch giant to explore the onshore Block 4 in south-eastern Albania spanning approximately 874 square miles close to their current drilling site at Shpirag, Berat. Albanian officials earlier blamed the delays on the mid-2014 slump in oil prices and their poor recovery which is also…
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