• 5 minutes Trump vs. MbS
  • 9 minutes Saudis Threaten Retaliation If Sanctions are Imposed
  • 15 minutes Can the World Survive without Saudi Oil?
  • 32 mins WTI @ $75.75, headed for $64 - 67
  • 7 hours Petrol versus EV
  • 2 hours EU to Splash Billions on Battery Factories
  • 7 mins US top CEO's are spending their own money on the midterm elections
  • 9 hours The Dirt on Clean Electric Cars
  • 50 mins OPEC Is Struggling To Deliver On Increased Output Pledge
  • 1 hour The Balkans Are Coming Apart at the Seams Again
  • 2 hours U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 12 hours E-mopeds
  • 3 hours 10 Incredible Facts about U.S. LNG
  • 32 mins Uber IPO Proposals Value Company at $120 Billion
  • 21 hours Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 22 hours The end of "King Coal" in the Wales
  • 23 hours These are the world’s most competitive economies: US No. 1
Alt Text

The Oil Markets Are At A Confusing Crossroads

The latest IEA report suggests…

Alt Text

Will The U.S.-Saudi Spat Upend Oil Markets?

Saudi Arabia appeared to threaten…

Alt Text

High Prices Benefit Iran Despite Lost Oil Exports

Iranian Vice President Eshaq Jahagiri…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

Bosnian Federation: Oil Legislation Sets First Concessions in Motion

Earlier this year we let you in on a little known secret about an up-and-coming oil venue in an unlikely corner of the world—Bosnia and Herzegovina. The paralytic “multi-ethnic” government and three-headed, rotating presidency of Bosnia is not known for its ability to pass key legislation. Indeed, since the war ended various governments have not passed any key legislation--except to abolish the death penalty, which for obvious reason transcended “ethnicity”—without direct intervention by the “international community”.  However, as we predicted, oil legislation, which is in everyone’s interest here, would be passed before the end of the year.

That time has come.

The oil legislation was adopted by the Federation parliament on 17 September, and the Energy Ministry of Bosnia’s Federation entity has now been given permission to start granting concessions for exploration and production of oil and gas through direct negotiations. For this initial stage, it’s all about Royal Dutch Shell, which already has a memorandum of understanding going back to 2011 and will likely be the sole recipient of a concession at this point. That MOU duly noted that “based on practical estimates conducted by Shell... their representative will... negotiate on one or more concessions, licenses or agreements…[and]  Shell could have exclusive rights to exploration, estimation and possibly commercial development…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News