Europe / Caspian / CIS
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 sq.km) |
| 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) |
| Licensing: |
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 | |
| Production: | ||
| Consumption: | 450 bbl/day (2004) | |
| Exports: | ||
| Imports: | ||
| Reserves: | ||
| Major fields: |
Montenegro - recent news
| 11 Dec 24 |
Montenegro: Nordex Group receives its first order from Montenegro for 55 MW The Nordex Group has received its first order from Montenegro. The public utility EPCG – Elektroprivreda Crne Gore has ordered eight N163/6.X turbines. The Delta4000 series turbines are destined for the 55 MW Gvozd Wind Farm near Nikšic in the west of the country. |
| 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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