Oil reserves in Albania
Albania: Oil reserves was 23.85 million cubic meters in 2021. ▬ Flat
Oil reserves in Albania, 1992–2021
Source: U.S. Energy Information Administration (2022) – with major processing by Our World in Data. Measured in cubic meters.
Analysis
In 2021, oil reserves in Albania stood at 23.85 million cubic meters. That is the lowest value across all 30 years on record.
Compared with earlier readings it is down 24.7% over ten years.
Over the whole period, oil reserves in Albania peaked at 31.66 million cubic meters in 2008 and was at its lowest, 23.85 million cubic meters, in 2020.
Albania ranks 61st of 216 countries on this measure, in the middle of the range.
Oil reserves in Albania, year by year
| Year | cubic meters | Change |
|---|---|---|
| 1992 | 26.23 million cubic meters | — |
| 1993 | 26.23 million cubic meters | +0.0% |
| 1994 | 26.23 million cubic meters | +0.0% |
| 1995 | 26.23 million cubic meters | +0.0% |
| 1996 | 26.23 million cubic meters | +0.0% |
| 1997 | 26.23 million cubic meters | +0.0% |
| 1998 | 26.23 million cubic meters | +0.0% |
| 1999 | 26.23 million cubic meters | +0.0% |
| 2000 | 26.23 million cubic meters | +0.0% |
| 2001 | 26.23 million cubic meters | +0.0% |
| 2002 | 26.23 million cubic meters | +0.0% |
| 2003 | 26.23 million cubic meters | +0.0% |
| 2004 | 26.23 million cubic meters | +0.0% |
| 2005 | 26.23 million cubic meters | +0.0% |
| 2006 | 31.50 million cubic meters | +20.1% |
| 2007 | 31.50 million cubic meters | +0.0% |
| 2008 | 31.66 million cubic meters | +0.5% |
| 2009 | 31.66 million cubic meters | +0.0% |
| 2010 | 31.66 million cubic meters | +0.0% |
| 2011 | 31.66 million cubic meters | +0.0% |
| 2012 | 31.66 million cubic meters | +0.0% |
| 2013 | 27.41 million cubic meters | -13.4% |
| 2014 | 26.76 million cubic meters | -2.4% |
| 2015 | 26.76 million cubic meters | +0.0% |
| 2016 | 26.76 million cubic meters | +0.0% |
| 2017 | 26.76 million cubic meters | +0.0% |
| 2018 | 26.76 million cubic meters | +0.0% |
| 2019 | 26.76 million cubic meters | +0.0% |
| 2020 | 23.85 million cubic meters | -10.9% |
| 2021 | 23.85 million cubic meters | +0.0% |
Albania compared with similar countries
- Albania's 23.85 million cubic meters is above the median for upper middle income countries, which is 13.69 million cubic meters, 1.7× the median. (55 countries reporting)
- Albania's 23.85 million cubic meters is above the median for Europe & Central Asia, which is 2.38 million cubic meters, 10.0× the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 26.23 million cubic meters | 26.23 million cubic meters | 26.23 million cubic meters | 8 |
| 2000s | 28.37 million cubic meters | 26.23 million cubic meters | 31.66 million cubic meters | 10 |
| 2010s | 28.30 million cubic meters | 26.76 million cubic meters | 31.66 million cubic meters | 10 |
| 2020s | 23.85 million cubic meters | 23.85 million cubic meters | 23.85 million cubic meters | 2 |
Countries ranked near Albania
More energy & mining data for Albania
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, annual growth rate 4.97 % change on previous year (2024)
- Coal consumption, per capita 0 terawatt-hours per person (2024)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per capita 0 terawatt-hours per person (2024)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2024)
- Fuel imports 8.6% (2024)
Frequently asked questions
- What is oil reserves in Albania?
- Oil reserves in Albania was 23.85 million cubic meters in 2021, according to U.S. Energy Information Administration (2022) – with major processing by Our World in Data.
- What is the highest oil reserves recorded in Albania?
- The highest recorded value was 31.66 million cubic meters in 2008.
- What is the lowest oil reserves recorded in Albania?
- The lowest recorded value was 23.85 million cubic meters in 2020.
- How does Albania rank for oil reserves?
- Albania ranks 61st out of 216 countries with data for 2021.
- Is oil reserves rising or falling in Albania?
- Over the last ten years it is down 24.7%. The long-run trend across the full record is flat.
- Where does this Albania data come from?
- The figures come from U.S. Energy Information Administration (2022) – with major processing by Our World in Data, published as part of Oil reserves. Statizoid updates them automatically from the source API.
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About this data
Proved reserves, measured in cubic meters, are generally those quantities that can be recovered in the future from known reservoirs under existing economic and operating conditions, according to geological and engineering information. Includes crude oil and lease condensate.