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Oil in Shpirag, what exactly do Albanians benefit from?

2023-08-23 12:51:00, Aktualitet CNA

Oil in Shpirag, what exactly do Albanians benefit from?

What does the Albanian state gain from the discovery of oil in Shpirag, given that the investment is private?

This is one of the questions raised at the media conference held by Prime Minister Edi Rama and Minister Belinda Balluku.

Balluku gave some percentages of how the benefit of the Albanian state will be.

"There are 2 different flows, the case of investment in infrastructure 3-7 billion has to do with the industry models that will be used, expertise, expropriation and everything else. The result may come out depending on the flow of the product. The royalty on the product will be 10 percent, while the profit tax will be 50 percent. What is most important is the grant. We have agreed with the company not to state the scenarios they have taken as a basis. They are for very high income that will be managed by the sovereign fund. The sovereign fund has a plan not only to increase pensions, but also to inject into education and increase and develop this fund," said Balluku.

Rama said that there are several scenarios that will be made public in the future.

"And a little extra just to be clear. We have several scenarios. It would be redundant to discuss these scenarios today. The company is very strict until there is a final result. With God's help, the test will be successful." , Rama said.

Will the local market benefit from the discovery of oil?

"He pays based on oil consumption. Of course, if we enter the club of serious oil producers, we are a rich country and we suffer. We suffered from mental illness, and those who suffer from mental illness do not turn their wealth into an advantage. This means knowledge, governing capacities, transformative skills. Neither the water comes to the outlet nor the oil to the car, but there is a whole system between them." Rama said.

 





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