ALBANIA

(in Southern Europe)

CAPITAL: TIRANA

POPULATION: 4 mm

AREA (on): 28,700 km2

OIL PEAK: 1982

SUPPLY

The closed nature of Albania’s economy prior to 1990 ensured that its oil industry was restricted in its access to technology. However, although some increases in output are now being achieved with application of better production methods at its largest field, the heavy oil Patos Marinze field, the country peaked in the early 1970s and output is unlikely to recover to the levels at that time.

Albania has installed new infrastructure to use associated gas production from its onshore oil fields and possible new discoveries.

There is no offshore production and probably no offshore potential.

 

DEMAND

Albanian oil consumption has recently increased from a low base as its economy slowly improves with foreign influence. Imports rose up to 2005 but have now declined somewhat as high prices curtailed demand growth. They are likely to remain flat for the next decade.

The country has just begun to consume some of its previously flared gas, although it has used minor amounts of associated gas for periods from 1977.

 

 
 

 

 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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