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

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 Jacques Detiger. Though trading, logistics and distribution are at the core of its business, these are complement ...

. 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