Strengthening cooperation between Montenegro and Germany in the field of mining and oil

Felten emphasized the importance of learning from Germany's experience in the process of green transition, and highlighted the challenges that await Montenegro on that path.

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Šahmanović and Felten, Photo: Ministry of Mining, Oil and Gas
Šahmanović and Felten, Photo: Ministry of Mining, Oil and Gas
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

The traditionally good bilateral relations between Montenegro and Germany represent an excellent basis for further cooperation and the intensification of economic and business relations between the two countries, said the Minister of Mining, Oil and Gas, Admir Šahmanović during a meeting with Ambassador Peter Felten.

The discussions focused on the sustainable exploitation of mineral raw materials and the valorization of natural resources in accordance with the principles of the green economy.

Felten emphasized the importance of learning from Germany's experience in the process of green transition, and highlighted the challenges that await Montenegro on that path.

Šahmanović presented the key development projects of his department, with special emphasis on the need to create strategic documents that will guide policies in the mining, oil and gas sector.

"In order to ensure a better geopolitical position of Montenegro, it is necessary to act quickly and decisively, especially in light of the current events in Europe and the world," said Šahmanović.

He added that activities aimed at ensuring a stable supply of oil derivatives are currently among the most important priorities of the Ministry.

Montenegro has significant potential in the field of mineral resources, but it is crucial that the development of projects is planned in accordance with the best European practices and high standards of environmental protection and human health.

Šahmanović also emphasized the importance of creating new jobs through the development of economic activities, which will contribute to the retention of young people, especially in the northern part of Montenegro, which has been facing the problem of population outflow for a long time.

The meeting concluded with a common position on the need for more intensive cooperation and exchange of experiences in order to create a sustainable and prosperous future for both countries.

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