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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.
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