User:Kadrimanaj/sandbox

Albpetrol JSC is a stock company, 100% of stokes owned by Albanian State. The company's headquarters is located in Patos city. In 2014, Albpetrol JSC has opened a representative office in Tirana. The main role of this company is the production and marketing of petroleum products as well as monitoring of the Petroleum Agreements. History of Albanian oil begins in 1918, when Leo Madalena (Italian geologist) drilling of the first well near Drashovica (Vlorë). The well reached the depth of 200 m with positive results, despite the small amount of oil received.

Those results attracted the attention of major era companies as Anglo-Persian "APOC Oil Company" and Americans "Standard Oil". Since this time, in Albania are drilled more than 5,650 oil and gas wells. In the natural gas fields resulting 255 gas wells from 500 wells drilled. In five oil fields result 4728 oil wells.

Albania currently has 12 known oil deposits and 5 natural gas deposits. Only in Patos-Marinëz area, in an area of ​​44 thousand hectares, is the largest oil-bearing zones in continental Europe. Its underground is estimated to be approximate 5.4 billion barrels of crude oil. Albpetrol JSC Society is created with the Government Decision No. 159 dated in 20.3.1993, with 100% state capital, which operates according to the norms and rules of the market economy, with the object: Research and production of the hydrocarbons which included a full cycle of works seismic, geological, engineering, geophysics, research, extraction, processing and petroleum products marketing.

Today the Albpetrol JSC headquarters is in the kilometer 7 of Fier-Patos road and is directly responsible to the Ministry of Energy and Industry.

Society Activities

The activity of Albpetrol JSC Socitey is:

1.     Conduct of the Petroleum Operations in accordance with Law No. 7746, dated 28.08.1993 for the research, development, production, handling (treatment), transportation, storage and sale of the crude oil, gas and bituminous sands inside and outside of the Albania Republic.

2.     Conduct of any other commercial or services operation that serves in Society activity. Society within the space provided by the legislation in force shall carry out any planner - preventive operation, commercial and financial, directly or indirectly associated with its object. This one includes also the opening of the activity and the establishment of other companies within and outside the country, as well as any other possible and lawful activity consistent with its interests.

The realization of the object of company activity shall be achieved through: 1.     The Exploitation and development of the existing oil-bearing zones and gas-bearing of the country, 2.     New research and development of the blocks in administration 3.     Exploitation of bituminous sands. Attributes of ex- APC (Albania Petroleum Corporation) in Tirana, dealing with the research-producing hydrocarbons passes Albpetrol JSC society, starting from 01/04/2003.The power supply of qualified customers.Electricity trading.Natural gas transportation. Environmental permit for the activity with spotting in the environments in the oil fields in Kuçovë Patos-Marinez (Drize + Goran) Ballesh Hekal, Amonicë Gorisht areas, in gas fields in Divjak - Lushnje, Frakull-Fier, Povelç - Fier, Finiq Sarand area, transmission network of oil and gas products, bituminous sand field Kasnice-Fier,  Kuçovë and Patos Mechanical Plants. History of Albanian Oil The period of the 1990s In the period before 1990, Albpetrol JSC was one of the largest undertakings of the Albanian State and one of the largest contributors to income in state budget. The transition years brought a setback and a reduction of society activity. In mid-1990s in Albania came world oil companies, which taked by concession the oil fields administered by Albpetrol. This made a change in the company role, which today is not only oil production, but also functions as a regulatory entity and a controllor of related hydrocarbon agreements between Albanian State and Foreign Companies. Oil and Gas industry will continue to have a primary role in the economy of our country, not only for the fact that employs a significant number of employees, but also for the income that the state benefits from this beneficial industry.