Fifteen foreign firms have shown interest in buying 85% of Albania’s oil refiner ARMO. The bids are due to be opened on May 21 and a contract signed by June.
ARMO has one refinery at Ballsh, a smaller one at Fier and a small network of fuel stations selling motor oil and products.
The potential buyer -- a single company or consortium -- should be an oil and gas sector specialist with at least three years experience, a share capital of ?55 million and certifications of international production standards.
The winner of the tender will be determined according to a points system, where three-quarters of the total points are given according to price, and one quarter for each suitor’s business and investment plan.
533
Albainian Refinery For Sale
ARMO has one refinery at Ballsh, a smaller one at Fier and a small network of fuel stations selling motor oil and products
