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Prime Minister Edi Rama has issued a statement to the media regarding the research for oil extraction in Shpirag. Rama says that after 10 years of work, the drilling has reached 6002 meters deep into the ground and already.
Prime Minister Edi Rama announced that the total investment will reach 7 billion euros.
" The investment starts with 3 billion euros and until the completion of all the necessary infrastructure, as work will begin on a series of drillings to create the complex necessary to extract this wealth, it is a 7 billion investment in our country. Rama said.
The head of the government added that a large reserve of high-quality oil was affected and, according to the analysis, it is compared to the premium oil of Saudi Arabia.
"The reserve is there, at 2,002 km underground. The reserve was affected after a very difficult exploration and a massive investment made due to the repeated breakage of the probes, as a result of the geological formation. The water, which is under the reserve, has not yet been mentioned, which presumes that the size of the reserve could be even greater. We cannot talk about concrete figures. The information at this stage is not confidential itself, but without receiving the result of the final test that determines whether the extraction of this asset is reasonable from a financial point of view. If it were more expensive than the benefit, it is understood that the reserve remains there for another time when technology can advance to dimensions that are not present today. Although shell has used the latest technology. The test will start in October and the results are based on tracking the stability of the flow coming out on the surface. The discovered oil is of the highest quality, the first time this has happened in our country. According to the analyzes made in the Netherlands, the oil is of the first quality of the premium oil of Saudi Arabia.Rama said.
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