Misplaced Pages

ARMO oil refiner

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
It has been suggested that this article be merged into Taçi Oil. (Discuss) Proposed since December 2024.

ARMO oil refiner is one of the two oil refiners in Albania. 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. The CEO of Armo Energy is Rezart Taci. Mr. Taci is also the head of Taçi Oil

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 ARMO shares was sold to the U.S-Swiss consortium Refinery Associates of Texas and Anika Enterprises SA (other companies were involved in initial talks, but did not participate in the purchase) for €128.7 million. Other bids were made by Petrofac, Penta Investments and Vitol.

As of the fall of 2012, ARMO Energy employs over 1,500 people and has a refining capacity of 1.5 million tons with a storage capacity of 220,000 cubic meters.

References

  1. "A.R.M.O. Sh.a. - Albanian Refining & Marketing of Oil". Archived from the original on 2009-09-09. Retrieved 2010-04-22.
  2. ^ . Benet Koleka (2008-05-21). "Four firms bid for Albania's ARMO oil refiner". Reuters. Archived from the original on February 1, 2013. Retrieved 2009-05-16.
  3. "A.R.M.O. Sh.a. - Albanian Refining & Marketing of Oil ~ Message from the CEO". Archived from the original on 2012-08-21. Retrieved 2012-10-25.
  4. "Message from Taci Oil CEO Rezart TaciTaçi Oil, International". Archived from the original on 2013-02-03. Retrieved 2012-10-25.
  5. "Albanian Tycoon Shakes Up the Country's Booming Oil Market". OilPrice.com. 2012-10-15. Retrieved 2012-10-24.
  6. "Anika Mercuria Oil Refinery Associated Oil Company Registration, Albania". 2008-07-02.
  7. "US, Swiss investors buy an Albanian oil refiner". New Europe. 2008-06-23. Archived from the original on 2011-07-22. Retrieved 2009-05-16.
  8. "U.S. investors win control of Albania's only oil refiner". Forbes. 2008-05-21. Archived from the original on 2010-08-15. Retrieved 2009-05-16.
  9. "Albania Oil Refinery Privatized". AlbanianEconomy.com. 2008-12-23. Archived from the original on 2011-09-03. Retrieved 2009-05-16.
  10. "A.R.M.O. Sh.a. - Albanian Refining & Marketing of Oil ~ About ARMO". Archived from the original on 2012-08-21. Retrieved 2012-10-24.
Energy in Albania
Oil and gas
Onshore
Offshore
Pipelines
Oil refineries
Hydroelectric
Thermal


Stub icon

This article about a natural gas or petroleum-related company is a stub. You can help Misplaced Pages by expanding it.

Stub icon

This Albania-related article is a stub. You can help Misplaced Pages by expanding it.

Categories: