USD 65.6046

-0.02

EUR 72.6243

-0.21

BRENT 59.13

+0.04

AI-92 42.31

+0.03

AI-95 46.07

+0.02

AI-98 51.76

+0.01

Diesel 46.02

+0.03

16

Albainian Refinery For Sale

ARMO has one refinery at Ballsh, a smaller one at Fier and a small network of fuel stations selling motor oil and products

Fifteen foreign firms have shown interest in buying 85% of Albania’s oil refiner ARMO. The bids are due to be opened on May 21 and a contract signed by June.

ARMO has one refinery at Ballsh, a smaller one at Fier and a small network of fuel stations selling motor oil and products.
The potential buyer -- a single company or consortium -- should be an oil and gas sector specialist with at least three years experience, a share capital of ?55 million and certifications of international production standards.

The winner of the tender will be determined according to a points system, where three-quarters of the total points are given according to price, and one quarter for each suitor’s business and investment plan.