ARMO oil refiner
ARMO oil refiner is one of the two oil refiners in Albania[1]. It owns oil refineries at Ballsh and Fier, research center, 11 depots, a small network of fuel stations, and the Vlorë Terminal located in the south coast on Adriatic sea.[2] The Ballsh refinery is the largest refinery in Albania and has a designed capacity 1 million tonnes per year. Fier refinery has a capacity of 500 thousand tonnes per year and is designed mainly to produce bitumen.
In 2008, 85% of shares was sold to the U.S-Swiss consortium Refinery Associates of Texas, Anika Enterprises SA and Mercuria Energy Group for €128.7 million.[3][4][5] Other bids were made by Petrofac, Penta Investments and Vitol.[2]
References
- ↑ http://www.armorefinery.com/index.php?id=3&PHPSESSID=af0dad6b13af8d66776efcc729240f11
- ↑ 2.0 2.1 Benet Koleka (2008-05-21). "Four firms bid for Albania's ARMO oil refiner". Reuters. http://uk.reuters.com/article/UK_SMALLCAPSRPT/idUKL2182288520080521?sp=true. Retrieved 2009-05-16.
- ↑ "US, Swiss investors buy an Albanian oil refiner". New Europe. 2008-06-23. http://www.neurope.eu/articles/88042.php. Retrieved 2009-05-16.
- ↑ "U.S. investors win control of Albania's only oil refiner". Forbes. 2008-05-21. http://www.forbes.com/feeds/afx/2008/05/21/afx5035622.html. Retrieved 2009-05-16.
- ↑ "Albania Oil Refinery Privatized". AlbanianEconomy.com. 2008-12-23. http://www.albanianeconomy.com/news/2008/12/23/albania-oil-refinery-privatized/. Retrieved 2009-05-16.
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