Oil production substantially increase the exports

Oil production substantially increase the exports

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Oil production substantially increase the exports Autori: Dr. Lorenc Gordani Legal Adviser in the Albanian Energy Market A recent article in the renowned magazine Oil Price asked “Can Oil Pull Greece Out Of Poverty?”. The obvious thought that rise up in mind is a parallel with already huge amount reserves available and exploited in Albania. According to data published by state-run statistical institute, INSTAT, Albania’s exports officially grew by double digits in the first half of this year. In spite of the influence in this result that came from the bankruptcy of the only local refining industry to the ownership of the Armo company, the fact is that the hydrocarbon sector is very important for Albania. On regard, an important part of exports growth is a result of a sharp…
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