Oil search in Shpirag: Shell’s project expected to invest billion of Dollars

The conclusion of TAP pipeline and Devoll cascade is expected to bring down the investment by curbing the growth of the economy. But Albania may have an alternative to get out of this situation. It is Shell, the world’s oil giant which has discovered a new oil well in Shpirag. According to Shell’s director in Albania, Rohan D’Souza, if the results will be positive, then Shpiragu will become Albania’s biggest investment. “We are very optimistic. That is why we are here to carry on the investments. But in the petroleum search business you’re never 100 percent safe unless you have the final results, “says the director of SHELL. Due to the low oil prices over the past few years, Shell has suspended oil exploration investments in many countries around the world. In Albania, the company continues to invest, but it asks greater clarity from the government. Shell is the 6th largest company in the world. Last year, it collected $ 305 billion in revenue, a figure 25 times greater than the entire national output of Albania.

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