Albania Upstream (Oil and Gas) Fiscal and Regulatory Guide
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
Albania offers production sharing agreements for upstream petroleum operations. Several onshore acreages have been offered during the last few years, including Block B and E in 2021. Albania has capitalised effectively the interest for its upstream oil and gas sector by awarding three onshore blocks to Shell and one block to Eni between 2018-2019. A new Petroleum Fiscal Law has entered into force on February 2, 2021, which imposes an 85% limit on tax deductions and therefore a minimum level of tax. The law also includes ambiguous terminology regarding fiscal stability provisions for existing PSAs, which could create uncertainty for existing investors in the petroleum sector. The fiscal terms introduced by Albania over the last few years are less favourable compared to regional peers, which may discourage investments in the future. The government is currently investigating ways to benefit from the Trans Adriatic Pipeline and an LNG import terminal that could potentially be developed by ExxonMobil and Excelerate.
“Albania Upstream (Oil and Gas) Fiscal and Regulatory Guide”, presents the essential information relating to the terms which govern investment into Albania’s upstream oil and gas sector. The report sets out in detail the contractual framework under which firms must operate in the industry, clearly defining factors affecting profitability and quantifying the state’s take from hydrocarbon production. Considering political, economic and industry specific variables, the report also analyses future trends for Albania’s upstream oil and gas investment climate.
Scope
Overview of current fiscal terms governing upstream oil and gas operations in Albania
Assessment of the current fiscal regime’s state take and attractiveness to investors
Charts illustrating the regime structure, and legal and institutional frameworks
Detail on legal framework and governing bodies administering the industry
Levels of upfront payments and taxation applicable to oil and gas production
Information on application of fiscal and regulatory terms to specific licenses
Outlook on future of fiscal and regulatory terms in Albania
Reasons to Buy
Understand the complex regulations and contractual requirements applicable to Albania’s upstream oil and gas sector
Evaluate factors determining profit levels in the industry
Identify potential regulatory issues facing investors in the country’s upstream sector
Utilize considered insight on future trends to inform decision-making
Table of Contents
Table
Figures
Frequently asked questions
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.