Albania Oil

Oil Reserves in Albania

See also: List of countries by Oil Reserves

Albania holds 168,332,000 barrels of proven oil reserves in the world as of 2016, ranking #59 in the world and accounting for about 0.010% of the world's total oil reserves of 1,650,585,140,000.

Albania has proven reserves equivalent to 17.1 times its annual consumption levels. This means that, without net exports, there would be about 17 years of oil left (at current consumption levels and excluding unproven reserves).

History of Oil Reserves in Albania

Oil Consumption in Albania

See also: List of countries by Oil Consumption

• Albania consumes 27,000 barrels per day (B/d) of oil as of the year 2016.
• Albania ranks #123 in the world for oil consumption, accounting for about 0.028% of the world's total consumption of 97,103,871 barrels per day.
• Albania consumes 0.39 gallons of oil per capita every day (based on the 2016 population of 2,897,867 people), or 143 gallons per capita per year (3 barrels). [1 barrel = 42 US Gallons]

Oil Production in Albania

See also: List of countries by Oil Production

• Albania produces 22,818 barrels per day of oil (as of 2016) ranking #78 in the world.
• Albania produces every year an amount equivalent to 4.95% of its total proven reserves (as of 2016).

Oil Exports

• Albania exports 80% of its oil production (18,200 barrels per day in 2016).

History of Oil Consumption and Production