Region
Eastern Europe & Central Asia
Income group
Upper middle income
Most populous city
Skopje

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Disclaimer: Note that the following information is not part of the score that the country receives on the Investing Across Sectors indicators. This information is provided as complementary to the data on the foreign ownership restrictions, and is based on the survey respondents’ comments and assessments. The World Bank Group does not guarantee accuracy of this information.

Sector group:
Mining, oil & gas
Sector:
Oil and gas: A foreign company seeking to develop and exploit a medium-size gas or oilfield.
Market structure:
 
Survey respondents' answer to the following question, "Define the market structure in your economy for this sector."
Oligopoly, i.e. a few large firms
Regulatory license:
 
Survey respondents' answer to the following question, "If a foreign company wanted to obtain a sector-specific regulatory license (or a concession contract) to open and operate a new business in that sector, how likely would the government be to issue such a license, provided that the foreign company meets all legal and regulatory requirements?"
Likely
Name of regulatory authority
Energy Regulatory Commission
Additional comments:
Until now there is no exploitation of oil or gas in the Republic of Macedonia. There are foreign companies in business of transportation and distribution of oil and gas, who work without any restrictions. Licenses and special approvals are required.
There are foreign firms currently operating in this sector