Ownership as documented
State-owned.
Description
State oil company. Subject of the 2012-13 privatisation tender annulled in 2013, and of later privatisation attempts (2015-16) and a 2026 Tirana Times report on a privatisation saga (headline only). Co-operates with Bankers Petroleum at Patos-Marinza under the 2004 concession arrangements (search summary).
Contracts and money
2012 tender, annulled 2013
Evidence: Vetro won the Albpetrol privatisation tender; bid invalidated 8 February 2013 after the guarantee was not paid on time.
Figures recorded for the cases linked to this organisation. A figure here is not necessarily paid to or by this organisation; check payer and payee.
Vetro Energy offer for Albpetrol
€850,000,000
tenderSource label: Officially reportedStated definition: Offer, not a completed payment. Figure from search summaries (Tirana Times and Top Channel coverage); not confirmed on an opened page.
Date: Oct 2012 · Payer: Vetro Energy (consortium) · Payee: Albanian state (seller)
- Vetro Energy fails to put down guarantee for Albpetrol deal, econ min (opens in a new tab)SeeNews · Feb 2013 · journalism · EN
Required 20% contract guarantee (down payment)
€170,000,000
otherSource label: Officially reportedStated definition: 20% of the EUR 850m bid per search summary. Reports conflict on whether it was paid; the government invalidated the bid on 8 Feb 2013 after the deadline passed.
Date: 8 Feb 2013 · Payer: Vetro Energy · Payee: Albanian state
- Vetro Energy fails to put down guarantee for Albpetrol deal, econ min (opens in a new tab)SeeNews · Feb 2013 · journalism · EN
Officials and people linked
No person is linked to this organisation in the research.
Investigations and cases
Sorted by reported money, then by linked people and their legal status. The money figure is the largest single reported figure, not a total.
From Oct 2012
Albpetrol privatisation: Vetro Energy tender annulled in 2013
The 2012 tender to sell the state oil company Albpetrol was won by Vetro Energy, a consortium with an offer reported at EUR 850 million. Rezart Taci is reported to own 51% of Vetro Energy, a stake…
Status: Tender annulled in February 2013. No criminal case found in the sources reviewed.
Sources for this record
Every source the research cites for this record, grouped by its source label. 2 sources.
Source label: Officially reportedOfficially reported · 2 sources
- Publisher
- Oilprice.com
- Date
- unknown
- Publisher
- SeeNews
- Date
- Feb 2013