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
| 29 Jul 26 |
Montenegro: Masdar and EPCG advance 2GW partnership in Montenegro with first solar and energy-storage projects Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader, and Elektroprivreda Crne Gore (EPCG), Montenegro’s national power utility, have advanced their strategic partnership into project execution with agreements covering 150 megawatts (MW) of solar capacity and the potential development of over 400MW of pumped hydro energy storage. |
| 20 Aug 25 |
Montenegro: EBRD backs expansion of Montenegro wind farm with additional €26 million loan The European Bank for Reconstruction and Development (EBRD) is deepening its support for Montenegro’s green energy transition with an additional €26 million loan to expand the Gvozd wind farm, the country’s flagship renewable energy project. |
| 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. |
Montenegro - more news
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