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Albania is ranked 14th in the world for raw materials per capita. The Patos Marinza oil field, owned for two decades by the Bankers company, accounts for 85% of the Albanian underground reserves and is the largest onshore oil field in Continental Europe. It is estimated that the Patos Marinza contains approximately 5.4 billion barrels of oil. The company has opened 95% of all wells that have a capacity of 2050 tons of crude oil per day.
This wealth makes Albania and Albanians blessed, but in reality they swim barefoot and poor on the black gold that others steal from them. According to AKBN data, from 2007 to 2018, a total of 11.3 million tons of crude oil were extracted from the Albanian underground, of which almost 80% were exported.
Today Albania does not profit from oil refining as the only refinery in Ballsh was taken for scrap.
Despite being an oil-rich country, Albania even before the crisis had the price of the most expensive fuel in the region. Even higher than in Europe and America, compared to per capita income. Kosovo, which has almost 2 million inhabitants, imports over 700 thousand tons of oil within a year, while Albania, with approximately 3.5 million inhabitants and hundreds of thousands of tourists, imports about 600 thousand tons of oil a year. This adds to the suspicions of a major tax evasion scheme by oil wholesalers.
“Check the importing companies and see how much abuse can be avoided. On the other hand, a reduction and elimination of some taxes on oil is needed because it drives the economic engine. It would give the economy a breath of fresh air, “said Vjoldi Danaj, an economics expert.
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