Wirtschaft Albaniens - Ekonomia e Shqipërisë - Economy of Albania
Erstellt von Bloody, 19.05.2009, 21:23 Uhr · 1.125 Antworten · 128.111 Aufrufe
Manas Completes Albanian Transaction
Baar, Switzerland -- Manas Petroleum ("Manas") (OTCBB: MNAP) is pleased to report that in conjunction with the binding letter-of-intent dated November 19, 2009, it has completed the sale of all of the issued and outstanding securities of Manas Adriatic GmbH ("Subsidiary") under the Share Purchase Agreement dated February 12, 2010 (the "SPA") with WWI Resources ("WWI" or "Petromanas"), a TSX-V listed company. The Subsidiary was a wholly-owned subsidiary of DWM Petroleum AG ("DWM"), which is a wholly-owned subsidiary of Manas. In connection with the completion of the sale of the Subsidiary ("Closing"), WWI changed its name from WWI Resources Ltd. to Petromanas Energy Inc. The Petromanas common shares will commence trading under the new name on the TSX Venture Exchange.
Prior to Closing, DWM reorganized its affairs such that the Subsidiary became the sole owner of three onshore oil and gas production sharing contracts covering six licenses (the "Licenses") located in Albania and held a loan of US$8.5 million in relation to the Albanian operations.
To repay this loan previously made by DWM to the Subsidiary and its predecessors in title to the Licenses, Petromanas transferred approximately US$8.5 million to the Subsidiary and then the Subsidiary reimbursed DWM approximately US$8.5 million for the loan.
Pursuant to the SPA, DWM sold all of the issued and outstanding securities of the Subsidiary in consideration for:
(i) CDN$2,000,000 paid to DWM at Closing, and
(ii) 100,000,000 Petromanas common shares issued to DWM at Closing.
Pursuant to the SPA, Petromanas will issue up to an additional 150,000,000 Petromanas common shares to DWM as follows:
(i) 100,000,000 Petromanas common shares on the earlier of June 23, 2011 and the completion of the first well on the Licenses by the Subsidiary;
(ii) 25,000,000 Petromanas common shares if on or prior to February 24, 2020, the Subsidiary receives a report prepared pursuant to National Instrument 51-101 ("NI 51-101") confirming that the Licenses have 2P reserves of not less than 50,000,000 barrels of oil equivalent ("BOE"), and,
(iii) If on or prior to February 24, 2020, the Subsidiary receives a report prepared pursuant to NI 51-101 confirming that the Licenses have 2P reserves in excess of the 50,000,000 BOEs, and, that for each additional 50,000,000 BOEs over and above the initial 50,000,000 BOEs discussed in (ii) above, an additional 500,000 Petromanas common shares will be issued up to a maximum of 25,000,000 common shares.
Petromanas has also raised gross proceeds of CDN$25,000,000 through a private placement of 100,000,000 units at a price of CDN$0.25 per unit. Each unit consists of one common share and one warrant, where each warrant grants the holder the right to purchase one additional Petromanas common share at a price of CDN$0.45 per share for a period of five years expiring February 23, 2015. A cash fee of 5% of the funds raised was paid on closing of the private placement.
After Closing, DWM has ownership and control over 100,000,000 Petromanas common shares and the right to acquire a further 150,000,000 Petromanas common shares. The 100,000,000 Petromanas common shares represent approximately 30.47% of the issued and outstanding Petromanas common shares. Assuming DWM acquires the additional 150,000,000 Petromanas common shares it would hold an aggregate of 250,000,000 Petromanas common shares representing approximately 52.28% of the partially diluted issued and outstanding Petromanas common shares.
At Closing the Subsidiary held a 100% working interest in three Production Sharing Contracts ("PSCs") in Albania covering 1.7 million acres of onshore blocks. The PSCs encompass Blocks A, B, D & E in which there have been nine large structures already identified, and Blocks 2 & 3 which contain three large structures.
Lastly, Manas is pleased to report that there is a new board and management team of Petromanas. Petromanas and Manas have each appointed three directors to the board of Petromanas and Manas has appointed the management team.
World Sentinel | Manas Completes Albanian Transaction
Big Oil and Gas resorsources in Albania.Gustavson assigns 2.987 billion barrels with 3.014 trillion cubic feet of associated gas as the P50 prospective oil resources in its oil with associated gas case. Gustavson notes that because of the depth it is possible that the prospects will hold natural gas. In its oil with a gas cap case Gustavson calculates the prospective resources to total 1.4 billion barrels of light oil and 15 trillion cubic feet of natural gas. Gustavson estimates that in the event only gas is present the P50 prospective resource is 28 trillion cubic feet of natural gas. by Sahit Muja Albanian Minerals & Bytyci SHPK www.albanianminerals.com
Austria's Verbund to start construction of Albanian hydropower plant in March
Austrian utility Verbund will start building Ashta, a 48-MW hydropower plant in northwestern Albania, in March through Energji Ashta, a domestic subsidiary, the Panorama newspaper reported.
The 160-million-euro (USD227 million) investment is for a run-of-river plant to be built south of Shkoder, making it the fourth hydro plant on the Drin river but the first to be built there in over 30 years.
The project consists of two stages, Ashta I and Ashta II, with a forecast annual energy generation of 230GWh.
Enerji Ashta Shpk was founded in December 2008 with a share capital of 1 million euros. The company builds and operates hydropower plants in Albania.
Balkans.com Business News : Austria's Verbund to start construction of Albanian hydropower plant in March
Albanian Government approves loan agreement with EBRD for financing project of Local and Regional Roads
The Council of Ministers approved today the loan agreement between the Republic of Albania and the European Bank for Reconstruction and Development (EBRD ) for financing the project of Local and Regional Roads.
The government of Albania has undertaken implementation of an important project on “secondary and local roads” worth USD 300-400 million. The main objectives of the programme are to improve access to markets and essential services through facilitation of movement throughout the year for the citizens, the improvement of the priority segments of the local network and strengthening of management of the regional and local road network included.
The project will be co-financed respectively by EBRD with Euro 50, 000, 000; European Investment Bank (BEI ) with Euro 50,000,000 and 33,000,000 Euros with the Pre-Adherence Instrument Funds IPA 2010/2011. Likewise, Western Balkan Investment Fund (WBIF) will make available a 40,000,000 Euro grant. In this framework, the parallel financing has been assured by a number of other institutions like the World Bank , OFID and the Council of Europe Development Bank.
Balkans.com Business News : Albanian Government approves loan agreement with EBRD for financing project of Local and Regional Roads
Albania: Premier Berisha: Higher education, a field of decisive importance for future of country
Premier Berisha demanded from the Ministry of Education that in cooperation with the university rectors to make the necessary amendments to the legal framework through determining new criteria in regard to student-lecturer ratio.
- The premier said that reform of academic and scientific world should deepen even further through highlighting that the scientific research should be conducted within faculties and deaneries.
- The premier demanded from the Ministry of Education that by assistance of serious companies of the field to conduct rating of the universities.
Prime Minister Sali Berisha spoke yesterday at the meeting of the Council of Ministers on the issue of higher education, a field of decisive importance for the future of the country which has experienced major progress during the recent years. “Over 4 years time Albania has managed to number at present more than 135 thousand students in its public and private universities versus 52 thousand it had by 2005.”
The prime minister listed several measures the government has undertaken for the modernization of the country universities and their efficient functioning to the benefit of the students. “Bologna system is fully functioning; university labs are modernized; there are new campuses in several cities. A serious working group is working intensively to determine a new way of financing the country universities. Their autonomy is notably enhanced. All revenues they realize are available to them.
Among other things, the prime minister raised the issue of ratio between students and pedagogues which must be changed following the constant increase of the number of students. “There are some problems that require urgent intervention, problems which are created above all by the speedy increase of the number of students. If the students at the faculties have tripled, the number of pedagogues at the universities is not yet doubled. This consists of a serious threat to their quality. The ratio student, pedagogue is absolutely unacceptable. It has not been proper even 4 years ago, let alone now.”
In this context, the prime minister demanded from the Ministry of Education that in cooperation with university rectors to make the necessary amendments to the legal framework through defining new criteria based on the standards of the OECD member countries. “Mr. Minister, together with the university rectors all amendments will be made to the legal and sub-legal acts, so that our universities determine new criteria, which compare to an average of OECD countries. I am not determining what the ratio between pedagogues and students must be, but it varies from 10 to 25 in public universities. When we see thousands of Albanians graduating brilliantly in the country and abroad, we say their place is in the universities of the country.”
PM Berisha focused especially on reform undertaken in academic and scientific field of the country. The premier said that reform of academic and scientific world should deepen even further through highlighting that the scientific research should be conducted within faculties and deaneries. “If there is an inborn enemy to science and scientific research, it's centralization. It takes the breath away and fully devastates its space. The scientific research should be conducted within faculties and deaneries. It’s our task to provide funds. We check the effectiveness of use, but it is up to the scientific councils of the faculties to select projects to finance. This is fundamental so that we realize the goal of the reform.
Likewise, the prime minister demanded from the Ministry of Education that by assistance of serious companies of the field to conduct rating of the universities. It is extraordinarily important, said further the prime minister that the Albanian citizens become aware of the rating of universities in the country, private or public so that they know where their child takes lessons. The sooner, the better.
Expressing the greatest assessment of the progress made in the higher education, the prime minister pointed to the necessity of these issues getting quick and courageous responses. Investment in higher education, emphasized the prime minister is determining the project of the country future.
Finland - Deputy Prime Minister and Foreign Minister Ilir Meta of Albania to visit Finland
Deputy Prime Minister and Foreign Minister Ilir Meta of Albania will visit Finland on 1–3 March at the initiation of Foreign Minister Alexander Stubb.
Aside from bilateral relations between Finland and Albania, the ministers will discuss Albania’s rapprochement with the EU and topical issues of the Western Balkans region.
During his visit Minister Meta will also meet with Minister for Foreign Trade and Development Paavo Väyrynen and will have talks in the Finnish Parliament with, among others, Speaker of Parliament Sauli Niinistö.
Finland - Deputy Prime Minister and Foreign Minister Ilir Meta of Albania to visit Finland
Austrian utility builds power station in Albania
Austria's Verbund power utility says it has started building a euro200 million ($271 million) hydropower station in Albania.
The 57 MWh plant in Ashta, 87 miles (140 kilometers) north of the capital, Tirana, is to be completed in 2012, Verbund manager Christian Kern said Wednesday.
An Italian company is currently building a thermo-power plant in the country, too.
Albania's power production is based on hydropower stations and has limited importing capacity.
Since 1990, the former communist nation has suffered regular electricity troubles due to poor management, an outdated distribution system and lack of funds.
Following improvements to its management over the past years, Tirana has signed billions of euros (dollars) to be invested in the power system.
Austrian utility builds power station in Albania - BusinessWeek
EBRD signs 50mln euro loan for road rebuilding in Albania
The European Bank for Reconstruction and Development (EBRD ) has signed a 50-million-euro loan for Albania to modernise up to 500km of regional and rural roads.
The European Investment Bank will provide a matching loan to co-finance the project, which will also receive a 33-million-euro grant from the European Union's executive Commission under pre-accession assistance for 2010/2011, and a 4-million-euro technical assistance grant from the Western Balkans Investment Framework.
The investment is part of a wider national programme to rehabilitate 1,500 km of regional and local roads, financed by the World Bank , OPEC Fund, and the Council of Europe Bank.
The EBRD (EBRD - investing in countries from central Europe to central Asia) is the largest institutional investor in Albania, having placed more than 400 million euros in the Balkan country's infrastructure, financial sector, and private corporate sector.
Balkans.com Business News : EBRD signs 50mln euro loan for road rebuilding in Albania
Albania completes more chapters in EU questionnaire
Albania has completed six more chapters of the questionnaire required by the European Commission, the Inter-ministerial Co-ordination Committee for European Integration announced on Thursday (March 4th). The chapters are on the free movement of capital, information and media society, taxes, environment, financial control, and finances and budget. That makes a total of 14 out of 35 Albanian chapters complete.
Albania completes more chapters in EU questionnaire (SETimes.com)
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