Government signs new oil research agreement with Shell

20/02/2018 12:16

The Prime Minister of Albania, Edi Rama, declared that our country will not only benefit from mining honorary taxes, but also from mutual profit.

Rama spoke about a new agreement with the SHELL company, which will start oil researches at Block 4 for oil.

“This agreement brings to an end the time when the state budget benefited only from the honorary tax. We have an agreement which is a clear and long-term guarantee for mutual profit, for the best interest of the company and the Albanian people as well. This agreement will generate hundreds of jobs and will have a great impact for the Albanian economy”, Rama said.

For Rama, oil resources could transform the future of Albania, which today guarantees transparency and justice for foreign investors.

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