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18-10-26
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Revenues from mining royalty go up by 18.2%

TIRANA, July 4 /ATA/ – In the first five months revenues from mining royalties on export are estimated at ALL 1.3 bn.

According to the Ministry of Finance and Economy, these revenues are estimated at 18.2%, or ALL 197 mln more compared to 5-month period, 2017, reaching 83.3% of the target.

Revenues from mining royalty on crude oil have increased by ALL 242 mln, which is attributed to increase of exports by around 80 thousand tons.

A positive impact of ALL 129 mln is attributed to increase of crude oil price on international markets compared to the corresponding period last year, bringing the royalty per unit from 3 leks/kg to 3.5leks/kg.

Meanwhile revenues from exported minerals have dropped to ALL 77 mln due to decrease in exported quantity by around 155 thousand tons.

The drop in revenues by ALL 99 mln is also attributed to plummeting price of minerals on international markets compared to the corresponding period, last year.
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