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Albania neither confirms nor denies oil concessionaire’s alleged links to Russia’s Gazprom

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6 mins read
8 years ago
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TIRANA, June 28 – The Albanian government has neither confirmed nor denied that a Switzerland-based company with alleged ties to Russian giant Gazprom is conducting contract negotiations to acquire three oilfields in southern Albania. Albania’s Energy Minister Damian Gjiknuri says that from a legal point a view there is no barrier for Russian companies to operate in Albania as long as they are not on the U.S. or EU sanctions list. Gjiknuri’s comments came in an interview with VoA in the local Albanian service speaking from Washington where he attended the World Gas Conference in Albania’s debut appearance as the…

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Story Highlights

  • “Everything has been transparent, it's something that is not over yet as negotiations have not been concluded yet. Transoil is a joint stock company and publicly traded company in Switzerland's stock exchanges and the origin of capital is not of fundamental importance as long as it has no impact on operations that can call national security into question,” says Albania’s energy minister

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