ARMO oil refiner
| Company type | Private |
|---|---|
| Industry | Oil refining |
| Headquarters | Albania |
Key people | Rezart Taçi (CEO) |
| Products | Refined oil products, bitumen |
Number of employees | 1500+ (2012) |
ARMO oil refiner ranks among the two primary oil refining companies in Albania. Its operations include refineries located in Ballsh and Fier, alongside a research facility, 11 storage depots, a modest network of fuel stations, and the Vlorë Terminal positioned on the Adriatic shoreline. The company's CEO is Rezart Taçi, who also serves as the head of Taçi Oil.
The refinery in Ballsh stands as the largest in Albania, boasting an annual processing capacity of 1 million tonnes. Meanwhile, the Fier refinery, with an output capacity of 500,000 tonnes per year, focuses predominantly on producing bitumen.
In 2008, a U.S.-Swiss consortium, which included Refinery Associates of Texas and Anika Enterprises SA, acquired 85% of ARMO's shares for €128.7 million. Other contenders for the acquisition were Petrofac, Penta Investments, and Vitol.
By 2012, ARMO's workforce exceeded 1,500 employees. The company’s refining capability reached 1.5 million tons annually, complemented by a storage volume capacity of 220,000 cubic meters.