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Shell to Exit Oil Exploration in Albania, Citing Heavy Losses

Summary by Oculus News
Dutch energy giant Shell has decided to withdraw from Block 4 in southern Albania, suspending all other oil extraction operations in the country and considering a complete cessation of its activities. According to its audited financial statements for 2023, published belatedly at the beginning of this year, Shell Albania Block 4 B.V. - Albania Branch confirmed that its management evaluated the operational situation in Albania in early 2024. As a …
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Shell to Exit Oil Exploration in Albania, Citing Heavy Losses

Dutch energy giant Shell has decided to withdraw from Block 4 in southern Albania, suspending all other oil extraction operations in the country and considering a complete cessation of its activities. According to its audited financial statements for 2023, published belatedly at the beginning of this year, Shell Albania Block 4 B.V. - Albania Branch confirmed that its management evaluated the operational situation in Albania in early 2024. As a …

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Oculus News broke the news in on Thursday, February 6, 2025.
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