Extractive Industry Transparency Initiative (Albania)

Rich in natural resources, Albania uses the EITI to modernise and promote good governance of the extractive industries. The hydrocarbon, mineral and hydropower industries have been consistently contributing to the national income and development of the country. Albania's energy sector includes hydrocarbons (crude oil, natural gas, solid fuels), hydropower and renewable energy systems (RES), with crude oil being its primary source. In 2016 the energy sector accounted for 6% of country's GDP or USD 805 million. The mining sector is represented by mostly chromium and limestone contributing 55% and 31% to the domestic mining output respectively. At the same time, Albania is the only EITI implementing country to expand its EITI scope to hydropower.

While Albania’s extractive sector has been previously dominated by state-owned enterprises, in 1994 it opened up to private investment. The Albanian government is  promoting investment in its energy sector to stimulate development and job creation.

Albania's latest EITI Report published in August 2018 covered the 2016 fiscal year. The country continues to report on hydropower and to disclose relevant information on commodity trading.