Albania to Launch Oil, Gas Exploration Concessions for Three Onshore Blocks

Albania plans to launch oil and gas exploration concession procedures for three onshore blocks in the near future, the country's energy minister Damian Gjiknuri said on Tuesday.

Currently, there are 13 free blocks onshore and offshore Albania where oil and gas reserves can be sought, Gjiknuri said at the Albania Oil, Gas and Energy 2015 Summit, as quoted in a statement posted on the website of the energy ministry.

Recent geological surveys show that Albania's oil and gas reserves total more than 400 million tonnes, some 40 million tonnes of which are still easily extractable, Gjiknuri added.

Source: SeeNews