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Montenegro flag
Summary | Profile

Country profile: Montenegro

Location: Southeastern Europe, between the Adriatic Sea and Serbia
Climate: Mediterranean climate, hot dry summers and autumns and relatively cold winters with heavy snowfalls inland
Terrain: highly indented coastline with narrow coastal plain backed by rugged high limestone mountains and plateaus
Size: 14026 sq. km total (Land area: 13812 sq. km  Water area: 214
Population: 678,177 (July 2008 est.)
Languages: Montenegrin (official), Serbian, Bosnian, Albanian, Croatian
Government: republic
Capital city: Podgorica
Legal system: based on civil law system; has not accepted compulsory ICJ jurisdiction
Currency: euro (EUR)

Country profile

The use of the name Montenegro began in the 15th century when the Crnojevic dynasty began to rule the Serbian principality of Zeta; over subsequent centuries Montenegro was able to maintain its independence from the Ottoman Empire. From the 16th to 19th centuries, Montenegro became a theocracy ruled by a series of bishop princes; in 1852, it was transformed into a secular principality. After World War I, Montenegro was absorbed by the Kingdom of Serbs, Croats, and Slovenes, which became the Kingdom of Yugoslavia in 1929; at the conclusion of World War II, it became a constituent republic of the Socialist Federal Republic of Yugoslavia.

When the latter dissolved in 1992, Montenegro federated with Serbia, first as the Federal Republic of Yugoslavia and, after 2003, in a looser union of Serbia and Montenegro. In May 2006, Montenegro invoked its right under the Constitutional Charter of Serbia and Montenegro to hold a referendum on independence from the state union. The vote for severing ties with Serbia exceeded 55% - the threshold set by the EU - allowing Montenegro to formally declare its independence on 3 June 2006.

Energy production and consumption

Oil Gas
Consumption: 450 bbl/day (2004)  
Major fields:

Montenegro - recent news

28 Sep 23
Montenegro: Alcazar Energy completes the acquisition of rights to 118 MW wind farm in Montenegro
Alcazar Energy, a leading renewable energy investor in growth markets, has announced its acquisition of rights to a 118 MW wind farm project in Montenegro - a major milestone in its strategy to build the largest renewable energy platform in the Western Balkans.
01 Jul 20
Montenegro: Vantage Drilling International announces contract with Eni for the Topaz Driller
Vantage Drilling International has entered into a contract with Eni Montenegro for its premium jackup rig, the Topaz Driller, to perform drilling services offshore of Montenegro for 180 days.
20 Oct 17
Montenegro: Energean announces first CPR results for two of its 100 percent owned blocks offshore Montenegro
Energean Oil & Gas has announced the first Competent Persons Report ('CPR') for its assets offshore Montenegro, compiled by Netherland Sewell & Associates, detailing the recoverable gas and liquids resource estimates in respect to Energean’s 100% interest in Blocks 4218-30 and 4219-26.

Montenegro - more news

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