Albania’s oil production hits 6-year low as prices slowly recover from mid-2014 slump

Tirana Times
By Tirana Times May 21, 2018 12:58

Albania’s oil production hits 6-year low as prices slowly recover from mid-2014 slump

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  • Albania produced 956,000 metric tons of crude oil in 2017, down about 10 percent compared to 2016 and about 30 percent less compared to the peak 2014 production of 1.36 million metric tons just before oil prices embarked on a downward trend, according to data published by state-run Albpetrol oil company

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TIRANA, May 21 – Albania’s domestic oil production hit a 6-year low in 2017 despite international oil prices considerably recovering following the mid-2014 slump, but yet remaining at about half

Tirana Times
By Tirana Times May 21, 2018 12:58