
Albania seeks investors for shuttered Ballsh, Fier refineries
Albania seeks investors for shuttered Ballsh, Fier refineries HOUSTON, Jan. 19 01/19/2018 By Robert Brelsford OGJ Downstream Technology Editor The Albanian government said it is willing to lend its full support to any private initiative that would redevelop Ionian Refining & Trading Co.’s (IRTC) recently shuttered 20,000-b/d Ballsh and 10,000-b/d Fier refineries in eastern Albania. Albania’s government remains committed to detail to support any serious investor who will come up with a project for business development in Ballsh and Fier refineries, or a bid from an investor to develop a business plan in the sector, involving restart of both refineries, Arben Ahmetaj, Albania’s minister of finance and economy (MOEI) said in a release. The statement follows in the wake of the shutdown of both refineries in late 2017 due to a lack of…