ARMO oil refiner is one of the two oil refiners in Albania. It owns oil refineries at

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 ...

and

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 Vjos ...

, research center, 11 depots, a small network of fuel stations, and the

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 foothi ...

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 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 purc ...

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 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 a ...

. 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 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 off ...

Penta Investments 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 i ...

and

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 complemente ...

. 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

Oil companies of Albania Oil refineries in Albania Buildings and structures in Mallakastër Buildings and structures in Fier {{albania-stub