Albpetrol: Oil concessionaries lied with investments

09/04/2015 00:00

Albpetrol says that for 2013 they have refused to recognize half of the
investments that the concessionary companies have reported.

“280 million USD have not been recognized from fuel companies”, says Endri Puka, Director General.

Puka says that from 2005 to 2013, every spending declared by the companies has been recognized although they were not followed by the specific documentations.

“One of the main investments is the famous oil thinner, a topic mentioned by several televisions. Due to the arrogance of the company, many investments have not been recognized. This is because they have not accepted to give justifying documents. We could not recognize these investments”, Puka declared.

According to him, if the companies will fail to justify these investments in the next month, Albpetrol will request use of force for collecting taxes.

“If the company will not do it, Albpetrol will send he execution order to the tax institutions”, the Director General declared.

“Besides the 280 million USD claimed by Albpetrol, there are 303 million of other investments that have been rejected by the National Agency of Natural Resources.

The claims of both public institutions mount up to 580 million USD. If it is true, the companies that exploit the Albanian oil should pay hundreds of millions of USD in tax on profit to the budget. The Prime Minister announced a few days ago that the government will request an international audit which will be used as reference.

Top Channel