Shell takes over Petromanas Albania oil assets
Petromanas Energy Inc. has entered into a Sale and Purchase Agreement with Shell Upstream Albania B.V., a wholly-owned subsidiary of Royal Dutch Shell plc, pursuant to which Shell has agreed to acquire all of Petromanas’ Albanian assets for aggregate gross proceeds of US$45 million (subject to closing adjustments).
The Proposed Transaction is expected to close on or about March 15, 2016 and is subject to customary closing conditions including applicable regulatory approvals, as well as Petromanas shareholder approval.
Advertisement
Latest Posts
- Serbia, The real plans of the Jadar project
- Eurasian Resources Group highly commends the publication of the Critical Raw Materials Act
- Rio Tinto has spent more than a million euros on land in Serbia at the proposed site of a lithium mine that was eventually cancelled a year ago
- A new grievance mechanism for Chinese overseas mining needs to be free to use
- Europe revives mining to reduce dependence on the import of key raw materials, supply from Serbia as competitive choice
Popular Post
- Serbia, The real plans of the Jadar project
- Europe revives mining to reduce dependence on the import of key raw materials, supply from Serbia as competitive choice
- First Quantum Minerals, Roaring Back to Life thanks to sale of Kevitsa nickel-copper-platinum mine in Finland
- How valuable is Kosovo’s mineral wealth?
- Centerra’s Öksüt gold mine in Turkey begins with commercial production
- Serbian calcite exploitation company Belkalhan opening supply channels toward Europe industrial users for delivery contracts 2024/2025
- Solway copper mine Bucin Macedonia operations
- Miedzi Copper Corporation discovers deposits of silver and copper in Poland
- Who are the main players in the ore exploration business in Serbia
- Rosia Montana in Romania, UNESCO protection and value of civic action