Overview of Extractive Industries

Exploration, exploitation and processing of mineral ores constitute a significant activity in Albanian economy. Reforms of the mining industry present significant governance challenges. The sector was previously dominated by state-owned enterprises. The Albanian Government is seeking to promote foreign direct investment in the sector, with a view to stimulating development and job creation.

Status of EITI Implementation

Albania is an EITI candidate country, and has until 14 May 2011 to complete the validation process. The Prime Minister issued an order (Nr 156 dated 27/12/2008) establishing an inter-institutional working group consisting of representatives from several state institutions, industry representatives and civil society. The group has been established, and efforts are underway to extend the involvement of industry and civil society groups.

Governance of EITI Implementation

The Deputy Minister of Economy, Trade and Energy has been appointed to lead the working group within Government.

Government Focal point for the EITI

Prof. Sokol Mati
Organisation: Ministry of Economy, Trade and Energy, Albania
E-Mail: smati [at] mete [dot] gov [dot] al

Companies operating*

Oil & gas companies: Banker Petroleum, Stream Oil & Gas, Albpetrol

Mining companies: Albanian Chrome

* Note: Company list based on EITI research and is not conclusive

For further information, please contact Samuel Bartlett at the EITI International Secretariat.