Day: 26 January 2018

Albania seeks investors for shuttered Ballsh, Fier refineries HOUSTON, Jan. 19 01/19/2018 By Robert Brelsford OGJ Downstream Technology Editor The Albanian government said it is willing to lend its full support to any private initiative that would redevelop Ionian Refining & Trading Co.’s (IRTC) recently shuttered 20,000-b/d Ballsh and 10,000-b/d Fier refineries in eastern Albania. Albania’s government remains committed to detail to support any serious investor who will come up with a project for business development in Ballsh and Fier refineries, or a bid from an investor to develop a business plan in the sector, involving restart of both refineries, Arben Ahmetaj, Albania’s minister of finance and economy (MOEI) said in a release. The statement follows in the wake of the shutdown of both refineries in late 2017 due to a lack of…

International Court of Arbitration delivers in favor of Albania in 137m euro trial with Beghetti’s Hydro S.R.L. Albania has won a confrontation in the arbitration court with the company Hydro S.R.L., which required a 137m-euro compensation for the breaking of the construction concession of the Kalivac hydropower plant. The company, owned by Italian businessman Francesco Beghetti, filed in October 2014 at the International Court of Arbitration of the International Chamber of Commerce a case against the Ministry of Transport and Economy, seeking the resolution of the concession agreement concluded between the litigating parties for the construction of the hydro power plant on Vjosa River. The Albanian government filed a counterclaim in this process, claiming that the plaintiff had been in breach of the concession agreement, causing a damage of 158m…

Solar advice: Hold the importer liable! 1/23/18 Occasionally, solar panels or batteries are imported from Asia to be sold to European customers. It is important for the customer to know that the importer is automatically included in the product liability of the Asian supplier, even if they made no alterations to the products. HS Asian or American companies ship their products to Europe in order to sell it by certified importers. So take a very close look at how solid the importer is. To them should apply the same kind of requirements as to the company installing the system in your house. Never sign a contract in a foreign language. The importer has to be a company which has a good reputation in your country. Otherwise the liaison would be…