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

Fier Fier (; sq-definite, Fieri, Latin: ''Fierum'') 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 ...

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

Vlorë Vlorë ( ; ; sq-definite, Vlora) is the List of cities and towns in Albania, third most populous city of Albania and seat of Vlorë County and Vlorë Municipality. Located in southwestern Albania, Vlorë sprawls on the Bay of Vlorë and is surr ...

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 Bitumen ( , ) is an immensely viscosity, viscous constituent of petroleum. Depending on its exact composition, it can be a sticky, black liquid or an apparently solid mass that behaves as a liquid over very large time scales. In American Engl ...

. 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 a British international energy services company that designs, builds, manages and maintains oil, gas, refining, petrochemicals and renewable energy infrastructure, and trains the people who support them. It operates in a range ...

, Penta Investments and

Vitol Vitol (Pronounced: Vee-Tol) is a Swiss-based Dutch 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 b ...

. 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