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ARMO Oil Refiner
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 Vitol is a Swiss-based multinational energy and commodity trading company that was founded in Rotterdam in 1966 by Henk Viëtor and Jacq ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ballsh
Ballsh ( sq-definite, Ballshi) is a town and a former municipality in Fier County, southern Albania. At the 2015 local government reform it became a subdivision and the seat of the municipality Mallakastër. It was the seat of the former District of Mallakastër. The population at the 2011 census was 7,657.2011 census results Name It was centre of Malkasra (Turkish of "") kaza in in Yanya Vilayet during Ottoman rule between 1670 and 1912. ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fier
Fier (; sq-definite, Fieri) is the seventh most populous city of the Republic of Albania and seat of Fier County and Fier Municipality. It is situated on the bank of Gjanica River in the Myzeqe Plain between the Seman in the north, the Vjosë in the south and the foothills of the Mallakastra Mountains in the southeast. Fier experiences a seasonal Mediterranean climate effected by its proximity to the Adriatic Sea in the west. Fier was founded in the 19th century by the Vrioni family and officially in 1864 by Omer Pasha Vrioni II who was the father of Kahreman Pasha Vrioni (1889-1955). It is from the ruins of the ancient settlement of Apollonia which was founded in 588 BCE by Ancient Greek colonists from Corfu and Corinth, on a site initially occupied by Illyrian tribes. Fier is an important terminus in southwestern Albania and is served by the A2 motorway and SH 4 highway, forming a north–south corridor in Albania and part of the Adriatic–Ionian motorway. Name ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vlorë
Vlorë ( , ; sq-definite, Vlora) is the third most populous city of the Republic of Albania and seat of Vlorë County and Vlorë Municipality. Located in southwestern Albania, Vlorë sprawls on the Bay of Vlorë and is surrounded by the foothills of the Ceraunian Mountains along the Albanian Adriatic and Ionian Sea Coasts. It experiences a Mediterranean climate, which is affected by the Ceraunian Mountains and the proximity to the Mediterranean Sea. Vlorë was founded as Aulon as an Ancient Greek colony on the Illyrian coast and was conquered at different periods throughout history by Romans, Byzantines, Normans, Venetians and Ottomans. Between the 18th and 19th centuries, the Albanians gathered both spiritual and intellectual strength for national consciousness, which conclusively led to the Albanian Renaissance. Vlorë played an instrumental role in Albanian Independence as an epicenter for the founders of modern Albania, who signed the Declaration of Independence on 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rezart Taçi
Rezart Taçi (born in Tirana) is an Albania Albania ( ; sq, Shqipëri or ), or , also or . officially the Republic of Albania ( sq, Republika e Shqipërisë), is a country in Southeastern Europe. It is located on the Adriatic and Ionian Seas within the Mediterranean Sea and shares ...n businessman who is most known for being the creator and CEO of Taçi Oil. Biography Rezart Taçi was born and raised in Tirana, Albania. In 1998, he began a career in the trading industry of finished oil products where he worked to establish his name. Mr. Taci has established a portfolio of companies in Energy and Media. In 2003 Taci established Taçi Oil International Trading and Supply Company Sh.A (Taci Oil). At its inception the company had only six employees and leased storage facilities in Shëngjin-Lezhë, a port on the northern coast of Albania. Later, Taçi Oil acquired this facility and expanded operations with additional tankers and added facilities in Porto-Durrës. The c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taçi Oil
Taçi Oil is an Albanian petroleum company and oil distributor in Albania headquartered in Tirana. The company's revenue for 2012 was €350 million. and had over 290 petrol stations through Albania and over 850 employees. In 2009 Taçi Oil purchased the Albanian oil refinery ARMO (Anika Mercuria Refinery Associated Oil, owned by Anika Enterprises) for €128 million. On September 9, 2011 Taci Oil became an official sponsor of AC Milan. Beginning in 2008, in fact, Taci Oil was the main sponsor of Milan Junior Camp in Tirana. Since its founding, the camp has hosted about 1400 Albanian youths. In 2013 Taçi Oil sold 80% of the assets of ARMO, the oil refining business to Heaney Assets Corporation, an Azerbaijan corporation. See also * Economy of Albania The economy of Albania went through a process of transition from a centralized economy to a market-based economy on the principles of the free market. Albania's economy is based on the service (54.1%), agriculture (2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bitumen
Asphalt, also known as bitumen (, ), is a sticky, black, highly viscous liquid or semi-solid form of petroleum. It may be found in natural deposits or may be a refined product, and is classed as a pitch. Before the 20th century, the term asphaltum was also used. Full text at Internet Archive (archive.org) The word is derived from the Ancient Greek ἄσφαλτος ''ásphaltos''. The largest natural deposit of asphalt in the world, estimated to contain 10 million tons, is the Pitch Lake located in La Brea in southwest Trinidad (Antilles island located on the northeastern coast of Venezuela), within the Siparia Regional Corporation. The primary use (70%) of asphalt is in road construction, where it is used as the glue or binder mixed with aggregate particles to create asphalt concrete. Its other main uses are for bituminous waterproofing products, including production of roofing felt and for sealing flat roofs. In material sciences and engineering, the terms "asphalt" an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petrofac
Petrofac Limited is an international energy services company that designs, builds, manages and maintains oil, gas, refining, petrochemicals and renewable energy infrastructure. It is registered in Jersey (number 81792), with its main corporate office on Jermyn Street, London. It has operational centres in Aberdeen, Sharjah, Woking, Chennai, Mumbai, Abu Dhabi, Saudi Arabia and Kuala Lumpur. There are another 24 offices in various countries. The company is listed on the London Stock Exchange. History The company was established as a producer of a modular plant in Tyler, Texas, United States in 1981. It was first listed on the London Stock Exchange in 2005. In 2010, it bought a 20 percent share in the Gateway storage scheme, an undersea cavern for gas storage. In November 2013, Petrofac and the Italian oil firm Bonatti partnered on a $650 million joint venture with Sonatrach to develop new separation and booster compression facilities, extending the life of the Alrar gas field in sout ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Penta (investment Group)
Penta is a Central Europe investment group founded in 1994 in Slovakia by Czech Marek Dospiva and Slovaks Jaroslav Haščák, Juraj Herko, Martin Kúšik and Jozef Oravkin. Today, the group actively develops companies and projects, primarily in healthcare, financial services, retail, manufacturing, real estate and media. Having grown from a local to international company, Penta operates in more than ten markets across Europe, providing more than 37,000 jobs through investee companies. In financial year 2015 Penta achieved a consolidated net profit of EUR 200 mln and increased total portfolio assets to EUR 7 bln. The name Penta is a tribute to the original five founding partners, all schoolmates during their studies in Moscow and Czechoslovakia. Penta Investments group and its co-owner Jaroslav Haščák have been associated with the Gorilla scandal, a corruption affair that erupted in Slovakia in 2012. The company has been denying the allegations and interpreted the "Gorilla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vitol
Vitol is a Swiss-based multinational energy and commodity trading company that was founded in Rotterdam in 1966 by Henk Viëtor and Jacques Detiger. Though trading, logistics and distribution are at the core of its business, these are complemented by refining, shipping, terminals, exploration and production, power generation, and retail businesses. Vitol has 40 offices worldwide and its largest operations are in Geneva, Houston, London, and Singapore. With revenues of $279 billion in 2021, Vitol is the largest independent energy trader in the world, and would be the sixth largest company worldwide as measured by revenue on the ''Fortune'' Global 500 list. Given the secrecy Vitol maintains around all its business activities and the limited nature of its statutory disclosures, it is excluded from rankings. The company, however, does provide some more financial information to its lenders and to a few other entities with which it trades. The company ships more than 350 million tonne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Companies Of Albania
An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) & lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated lipids that are liquid at room temperature. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal, vegetable, or petrochemical in origin, and may be volatile or non-volatile. They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents. Etymology First attested in English 1176, the word ''oil'' comes from Old French ''oile'', from Latin ''oleum'', which in turn comes from the Greek (''elaio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Refineries In Albania
An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) & lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated lipids that are liquid at room temperature. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal, vegetable, or petrochemical in origin, and may be volatile or non-volatile. They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents. Etymology First attested in English 1176, the word ''oil'' comes from Old French ''oile'', from Latin ''oleum'', which in turn comes from the Greek (''elaio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
