Albania Oil And Gas Profile
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  • Albania is an oil and gas bearing country. It is almost one century that Albania is producing significant petroleum quantities. Petroleum operations in Albania started early 1800 when the first geological surveys have taken place.
  • Currently the country only produces about 11,000 bpd of oil but there is potential for further growth


  • 1928 - The largest onshore oil field in Europe, Patos-Marinza Heavy Oil Field, was discovered
  • 1993 - The Petroleum Law was adopted
  • 1994 - The Petroleum Law was amended
  • 2004 - Bankers Petroleum signed a PSC
  • 2008 - The Petroleum Law was amended
  • 2009 - Albania became a member of the Extractive Industries Transparency Initiative (EITI)


  • The National Agency for Natural Resources protects and well administrates the interests of Albania in hydrocarbon, mining and energy field.
  • The scope of the National Agency for Natural Resources is the development and supervision of the rational exploitation of natural resources based on Government policies, and the monitoring of their post-exploitation in the sectors of mining, hydrocarbons and hydropower.
  • Hydrocarbon law allows oil to be directly exported by the existing pipeline network and harbor facilities or the oil can be refined for domestic use at two existing refineries
  • The Petroleum Law was adopted in 1993, amended in 1994 (and yet again in 2008) to create a legal framework for the exploration and extraction of hydrocarbons in Albania.


  • Albania has the the largest onshore oil field in Europe, Patos-Marinza Heavy Oil Field, discovered in 1928. Albania's oil production peaked in 1975 and then declined until 1982, when a more rapid decline set in due to lack of funding for field development and technical expertise.
  • Albania made efforts in the 1990's to attract foreign capital and technology after the communist economic system broke down. Petroleum was the first industry to attract direct foreign investments in Albania, when the government successfully negotiated with foreign drilling and exploration firms for onshore and offshore prospecting. In the last 15 years, the country has licensed drilling to American, Austrian, Canadian, Croatian, Greek, Swiss and Swedish companies.

Active Companies

  • ALBPETROL is a 100% state owned E&P company
  • Bankers Petroleum Ltd. is a Canadian-based oil and gas exploration and production company focused on maximizing the value of its heavy oil assets in Albania
  • Petromanas Energy Inc has assets that cover three production sharing contracts (PSCs) of six blocks across Albania's fold and thrust belt.
  • Stream Oil & Gas Ltd is a Canadian based emerging oil & gas production, development, and exploration company currently focused on the re-activation and re-development of its currently producing Albanian projects: three on-shore heavy oil fields, Cakran-Mollaj, Ballsh-Hekal and Gorisht-Kocul and one onshore producing gas field, Delvina

Crude Oils

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  • There are no LNG operations in the country


  • Until 1989, Albania was a net exporter of petroleum products. However by 2001, the country was importing 73% of what it consumed.
  • Albania has two small refineries Ballsh Refinery and Fier Refinery

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