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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 of their peak 2011-13 levels in a situation that has slowed down new drilling and investment. Data published by state-run Albpetrol oil company shows 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. Canada-based Bankers Petroleum, the…
