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Vetro Energy
Vetro Energy is a Singapore and Houston, Texas–based operating and management company with Rezart Taçi as its majority shareholder. Vetro Energy targets upstream oil & gas investments worldwide. In October 2012, Vetro Energy bid to privatize the Albania state-owned oil company Albpetrol. Albpetrol acquisition On October 3, 2012, the Albania government announced, Vetro Energy won the bid for the privatization of Albpetrol, which would have given it the right to use the Albanian state-owned oil firm for the next 25 years. Vetro's bid of €850 million ($1.1 billion) for Albpetrol was rated 97.7 points by Albania's U.S. consultancy, Patton Boggs. Other bids included offers from China's Win Business Bright Oil, and Canada's Bankers Petroleum. After winning the bid to buy Albpetrol, 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vetro Energy Logo
Vetro means glass in Italian, and may refer to: People * Dominic Vetro (born 1958), Canadian football player * Harry Vetro (born 1995), Canadian drummer Other * Vetro Energy Vetro Energy is a Singapore and Houston, Texas–based operating and management company with Rezart Taçi as its majority shareholder. Vetro Energy targets upstream oil & gas investments worldwide. In October 2012, Vetro Energy bid to privatize th ... See also * {{dab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil And Gas Industry
The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transportation (often by oil tankers and pipelines), and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, synthetic fragrances, and plastics. The industry is usually divided into three major components: upstream, midstream, and downstream. Upstream regards exploration and extraction of crude oil, midstream encompasses transportation and storage of crude, and downstream concerns refining crude oil into various end products. Petroleum is vital to many industries, and is necessary for the maintenance of industrial civilization in its current configuration, making it a critical concern for many nations. Oil accounts for a large percentage of the world’ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum Product
Petroleum products are materials derived from crude oil (petroleum) as it is processed in oil refineries. Unlike petrochemicals, which are a collection of well-defined usually pure organic compounds, petroleum products are complex mixtures. The majority of petroleum is converted to petroleum products, which includes several classes of fuels. According to the composition of the crude oil and depending on the demands of the market, refineries can produce different shares of petroleum products. The largest share of oil products is used as "energy carriers", i.e. various grades of fuel oil and gasoline. These fuels include or can be blended to give gasoline, jet fuel, diesel fuel, heating oil, and heavier fuel oils. Heavier (less volatile) fractions can also be used to produce asphalt, tar, paraffin wax, lubricating and other heavy oils. Refineries also produce other chemicals, some of which are used in chemical processes to produce plastics and other useful materials. Since petroleu ... [...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] |
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 land borders with Montenegro to the northwest, Kosovo to the northeast, North Macedonia to the east and Greece to the south. Tirana is its capital and largest city, followed by Durrës, Vlorë, and Shkodër. Albania displays varied climatic, geological, hydrological, and morphological conditions, defined in an area of . It possesses significant diversity with the landscape ranging from the snow-capped mountains in the Albanian Alps as well as the Korab, Skanderbeg, Pindus and Ceraunian Mountains to the hot and sunny coasts of the Albanian Adriatic and Ionian Sea along the Mediterranean Sea. Albania has been inhabited by different civilisations over time, such as the Illyrians, Thracians, Greeks, Romans, Byzantines, Venetians, and Ot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Albpetrol
Albpetrol is an Albanian upstream petroleum production and marketing company, which also monitors state petroleum agreements in Albania. Its stock is owned by the Albanian state. The company is headquartered in Patos and has a representative office in Tirana. The CEO of Albpetrol is Mr. Baftjar Zeqaj. Albpetrol is managing more than 1200 oil wells in the existing settlements of Patos, Ballsh, Karbunarë, Kuçovë, Gorisht-Kocul, Cakran-Mollaj and Amonicë. Albpetrol the eleventh-largest company in Albania measured by 2016 revenues (and the third largest state owned company ). Albpetrol profit for the fiscal year 2016 were US$13 million. The company is operating in 7 oilfields in Albania with a production of 110.000 Ton crude oil. During the last years Albpetrol has managed to have a sustainable position in the Albanian market. History In 1918, Italian geologist Leo Madalena drilled the first Albanian oil well near Drashovica (Vlorë). The well reached a depth of 200 meters and, d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Patton Boggs
Squire Patton Boggs is an international law firm with 42 offices in 20 countries. It was formed in 2014 by the merger of multinational law firm Squire Sanders with Washington, D.C. based Patton Boggs. It is one of the 30 largest law firms in the world by total headcount and gross revenue, twelfth largest firm in the UK by revenue, and one of the top 15 by number of countries occupied. Its largest offices are in Washington, London and Cleveland, each having more than 100 lawyers. The firm serves a diverse base of legal clients ranging from Fortune 100 and FTSE Index 100 corporations to newly emerging companies, private clients and local and national governmental entities. The company lobbies on behalf of the entity of the Saudi government that was directly responsible for the murder of journalist Jamal Khashoggi; after the murder, the company continued to represent the entity for years until a pressure campaign led the company to drop the client. Due to its lobbying role for Saud ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankers Petroleum
Bankers Petroleum Ltd. is a Chinese-owned Canadian oil company operating in Albania. History of Purchase In March 2016, Geo-Jade Petroleum made an all-cash offer of 2.20 CAD per share to purchase the company in a deal worth 575 million CAD (an equivalent of US$425 million). Geo-Jade Petroleum is a Chinese company that owns Bankers Petroleum Ltd. ever since. Importance in the Albanian Market After investments of more than US$2.5 billion at its Patos-Marinza oilfield, Bankers now produces 95% of Albania's crude oil. Tax Evasion In June 2019, Bankers Petroleum was fined 120 million EUR for tax evasion Tax evasion is an illegal attempt to defeat the imposition of taxes by individuals, corporations, trusts, and others. Tax evasion often entails the deliberate misrepresentation of the taxpayer's affairs to the tax authorities to reduce the taxp .... The fine came as result of a two-year investigation carried out by the General Customs Directory. From 2014 to 2018, Bankers P ... [...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] |
Oil And Gas Companies Of Singapore
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] |
