Report summaryThe Kuçova-Arreza oil field is situated in western Albania. The field has been developed with over 1,700 wells, although the majority of these are not producing. The crude oil is sold to the refinery at Ballsh, which over the last few years has only functioned sporadically.In March 2016, Bankers Petroleum announced an agreement for the cash purchase of all shares in the company by China's Geo-Jade Petroleum Corporation. The US$381 million purchase includes Kuçova-Arreza ...
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