FIAA Board Visits Patos-Marinza Oilfield: A Step Toward a Greener Future

We are proud to share that the FIAA Board recently visited the Patos-Marinza oilfield, an asset under the development of Bankers Petroleum Albania. During the visit, HongPing Xiao, CEO of Bankers Petroleum, presented the company’s ongoing and upcoming projects, focusing on their commitment to both growth and sustainability.

Key highlights included:

 Green Energy & Environmental Focus: The company is placing a strong emphasis on environmental responsibility, with future projects centered on green energy. These efforts include:

• Thermal Project: Using steam injection technology to improve oil recovery while minimizing environmental impact.
• Sludge Treatment: Focusing on sustainable practices for waste management.
• Solar Energy Investments: Aiming to diversify energy sources and reduce reliance on traditional methods.

Ambitious Future Plans: Mr. Balazs Revezs, Chairman of the FIAA Board, and CEO of Vodafone Albania, praised Bankers Petroleum for its ambitious and innovative approach. He emphasized that Albania is eager to attract and support investors and businesses that are committed to responsible growth and environmental sustainability.

The meeting was attended by key FIAA members, including:

• Balazs Revezs, Chairman of the FIAA Board, and CEO of Vodafone Albania
• Marinela Jazoj, Hon. Executive Director of FIAA
• Stela Dhami, Board Member of FIAA and Country Manager of Colliers Albania
• Mirsad Haliti, Board Member of FIAA and CEO of Procredit Bank Albania
• Dimitrious Dimou, Member of FIAA and General Manager of Titan/Antea Cement

This visit marks a significant step in advancing the collaboration between the private sector, investors in Albania. We look forward to seeing how these initiatives unfold and contribute to both the local economy and a more sustainable future.