Privatizes largest oil company
22 Mar 2012
On 22 March 2012, the Parliament adopted a law authorizing the privatization of 100 percent of the shares of Albpetrol, the largest oil company in Albania. Albpetrol owns 1,264 active wells producing 135,000 tons and whose assets are valued at around US $500 million. According to the law, the purchaser of Albpetrol will be given a licence valid for 25 years; after such period, the exploitation licence shall be re-evaluated.
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Type:
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Entry and establishment (Ownership and control)
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Industry:
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Primary (Mining and quarrying)
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Manufacturing (Manufacture of coke and refined petroleum products)
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Sources:
