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Albania concludes contract negotiations with Shell, no deal with Israel’s Delek Group yet

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8 years ago
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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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Story Highlights

  • “This year is considered successful especially for the oil sector with the conclusion of the Shell deal on Block 4," says Ardian Bylyku, the new head of the National Agency for Natural Resources, adding that the Shell contract is now ready to receive the final government approval

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Prof. Dr. Alaa Garad is President and Founding Partner of the Stirling Centre for Strategic Learning and Innovation, University of Stirling Innovation Park, Scotland. He is actively engaged in health tourism, higher education and organisational learning across the Western Balkans, including the Global Health Tourism Leadership Programme in Albania.

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