Albanian Refining and Marketing of Oil (also known as ARMO) was set up in 1999 as a 100% state-owned company.
In 2008, the consortium comprising US-based Refinery Associates of Texas and the Swiss-based Anika Enterprises and Mercuria Energy Group acquired 85% stake in ARMO at the amount of EUR 128.75 million.
March 2009, ARMO announced that it launched the production of high-quality diesel fuel Eurodisel.
ARMO owns 2 refineries, at Fier and Ballsh, a thermo power plant in Fier and a
Mazut, petroleum coke, bitumen, diluents, solar, virgin naphtha, gasoil
Full name: Albanian Refining & Marketing of Oil Sh.a.
Legal Form: General Partnership
Operational Status: Operational
Incorporation Date: 01-Jan-92