May 20, 2013 1:20 PM ET

Oil, Gas and Consumable Fuels

Company Overview of ARMO Sh.A.

Company Overview

ARMO Sh.A. is an oil refining company. The company also markets oil and hydrocarbons byproducts. It is based in Albania and is a subsidiary of APC Sh.A.

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Albania

Key Executives for ARMO Sh.A.

ARMO Sh.A. does not have any Key Executives recorded.

ARMO Sh.A. Key Developments

Albania To Sell Assets By 2011 End

Four hydropower plants have been put up for sale as part of Albania’s privatization plan. The four hydropower plants are Ulez, Shkopet, Bistrica 1 and Bistrica 2. Prime Minister Sali Berisha said: “We should move towards complete privatization.” Under the plan, all of the remaining 1,280 public properties will be sold except for schools, hospitals, public buildings and offices. By the end of 2011, the government intends to divest Albpetrol Sh. A. and INSIG s.c. After this, remaining state-owned shares in ARMO Sh. A., CEZ Shperndarje sh.a and Albtelekom Ltd will be sold. In order make the process smoother, the government drafted legislation to review INSIG’s privatization and exclude the concept of minimum price.

Similar Private Companies By Industry

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Albanian Oil Refining and Marketing Company Europe
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Servcom Sh.A Europe
Bankers Petroleum Albania Ltd. Europe

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