TIRANA, Dec. 7 – The country’s biggest oil importer and distributor, Kastrati, has diversified its investments in the car industry by acquiring exclusive rights to trade Mercedes vehicles in Albania after taking over the majority 75 percent stake in Auto Star Albania, the authorized Mercedes dealer in Albania, for 855 million lek (€6 million), according to the Competition Authority and the National Registration Centre.
Kastrati, an Albanian-owned oil and gas importer, distribution and retailer which controls more than half of the Albanian oil market, made it to the 100 biggest enterprises in the South East Europe region by total revenue in 2015, according to a report.
The SEE report ranked Kastrati 81st with total revenue of 478.4 million euros in 2014, up 5 percent compared to 2013.
Canada-based Bankers Petroleum, which operates the Patos-Marinza heavy oilfield and is the country’s biggest foreign investor, ranked among the top 100 SEE firms for the second year in a row, improving its position from 96th in 2013 to 86th in the 2014.
