ARMO Sh.a.

An EMIS Company Report EMIS is a Euromoney Institutional Investor plc company USD 9.95 Industry: Crude Petroleum Extraction Available in: English Format: PDF Download Buy full report

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Contact Information

Deshmoret e 4 Shkurtit Str., Sky Tower
Tirana; Tirana; Map
Postal Code: 1001

Tel: (+355 4) 222 16
Fax: (+355 4) 242 10



Company Description
Albanian Refining and Marketing of Oil (also known as ARMO) was set up in 1999 as a 100% state-owned company.
In 2008, the consortium comprising US-based Refinery Associates of Texas and the Swiss-based Anika Enterprises and Mercuria Energy Group acquired 85% stake in ARMO at the amount of EUR 128.75 million.
March 2009, ARMO announced that it launched the production of high-quality diesel fuel Eurodisel.
ARMO owns 2 refineries, at Fier and Ballsh, a thermo power plant in Fier and a research center in Kucova.
In addition to the local market, ARMO supplies other Balkan countries such as Kosovo, Macedonia, Serbia and Montenegro.
Heavy distillates products currently represent about 55% of the ARMO’s production, the other 45% are medium distillates.
ARMO is currently in the process of investing some USD 250 million aimed at improving its production capacity.
NAICS Industry Classification
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Ownership Details

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