Albanian Government gives in concession free oil blocks in the Sea

Government gives in concession free oil blocks in Albanian sea
Oil machineri in Fier

 The Industry and Energy Ministry will issue a call for concession for about 3 oil blocks in the Adriatic Sea, which previously has been administered by Emanuelle Energy company, and also for two other blocks in Vlora region: Gorisht - Kocul and Cakran - Mollaj. 

The Deals on the oil will be made on the basis of the new model passed the Assembly, where the profit tax fee will be taken in the first barrel of oil to be sold.

This is not the first time that Albania has an interest to give in concession free oil blocks, but due to low prices in the international markets, the exploration of foreign companies in this area has not been of interest.

Officials of Ministry of Energy since 1 year and a half year are negotiating to give to Shell and Delek Group the 4 block located in Gjirokastra and it Dumre, but have still not finalized any agreement, even though the limit is exceeded several times./Oculus News

Albanian Government gives in concession free oil blocks in the Sea Albanian Government gives in concession free oil blocks in the Sea Sunday, April 16, 2017 Rating: 5
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