Oil & Gas
Oil & Gas
KPMG in North Macedonia assists organizations in the oil and gas sector to respond to industry trends and business issues.
KPMG in North Macedonia assists organizations in the oil and gas sector to respond...
The Oil & Gas sector of North Macedonia is of major significance to the state's economic development, with some of the largest companies in the country being part of this sector. The oil sector involves import and export of crude oil and petroleum products, processing of crude oil, production of bio-fuels, distribution and sale of petroleum products, and the gas sector performs transmission, distribution and sale of natural gas. Natural gas is an exceptionally useful fuel since it has a wide range of uses, from the residential sector, through industrial and transportation use to electricity and heat production.
As with any industry, the risks for Oil & Gas are ever-present. These include:
- Cost and competitive pressures
- Geopolitical uncertainties
- Regulatory constraints
- Increasing concerns for ecological threats and impact
- New and disruptive technologies.
The responses to these and other challenges are complex and demanding due to the evolving sector landscape. On the other hand, the industry also presents significant opportunities involving major infrastructure development projects, mergers and acquisitions, joint ventures, technology development.
KPMG in North Macedonia assists organisations in the oil and gas sector to respond to industry trends and business issues.
Building on the resources and knowledge base of the KPMG global network of member firms, our practice has access to market information on a global, regional and local basis, which allows us to offer customised services to our clients.
We provide full scope of Audit, Tax and Advisory services, tailored to the specific needs of our clients. Our sector specific services are focused on:
- Accounting and reporting
- Operational, financial and tax efficiencies
- Business performance improvements