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16-10-26
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Crude oil production estimated at 3.9% higher in 9-month period of 2021

TIRANA, Oct.21 /ATA/ In the first 9 months of 2021, revenues from mining royalties on exports reached ALL 1.8 billion or reckoned at 128.5% compared to last year and 99.8% of the plan, or 4 million less.

According to the official data published by the Albania’s Ministry of Finance and Economy, revenues from crude oil royalties are estimated at ALL 1.4 billion, 380.7 million or 36.7% more than in the 9-month period of  2020.

Compared to last year, revenues from crude oil royalties marked an increase as a result of the increasing quantity of crude oil production in the first 9 months of 2021 which is estimated at 3.9% more than last year with an effect of ALL 40.5 million, but also at the same time the increase in the price of crude oil in international markets showing an effect of ALL 340.2 million.

In the 9-month period of 2021, per unit royalty increased to 2.31 ALL /ton compared to 3.04 ALL /ton.

Meanwhile, revenues from exported minerals increased to ALL 345.8 million, due to the increase in the quantity of exports by 7.5% compared to the first 9 months of 2020 with an effect of ALL 23 million, and the increase in the price of minerals, with an effect ALL 17.7 million.  //a.i/

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