TIRANA, June 11 – The Economy and Energy Ministry has selected Patton Boggs Llp, a US based company as the international consultant for the sale of state-owned oil company Albpetrol.
The US company which also served as consultant for the privatization of oil refinery ARMO, has been given a deadline of six months to assess the company and decide on the method of privatization.
Plattons Boggs, which has signed a 25 million lek (240,000 dollars) contract will also be responsible for the international marketing of Albpetrol’s sale.
The state-owned oil production company which is under a privatization process posted a 2 million dollar profit in the first four months of this year, the Economy and Energy Ministry has said.
The good financial performance allowed Albpetrol to pay off 8.1 million dollars it owed to state institutions in taxes and bills.
US Patton Boggs selected as consultant for Albpetrol’s sale
Change font size:
Latest from Business & Economy
Vlora Airport Heads to Arbitration
Change font size: - + Reset Albania faces another potentially costly international dispute after losing several arbitration cases in recent years that have exposed the state to hundreds of millions of euros
Concrete, Cocaine and Corruption: Albania’s Fragile Growth Model
Change font size: - + Reset Albania’s Concrete Economy: How Construction Became the Country’s Dominant Growth Model Tirana Times, July 10, 2026 – A booming construction sector has made Albania an outlier
Austria Leads FDI, but Real Estate Tells the Bigger Story
Change font size: - + Reset Bank of Albania data show Austria topping first-quarter foreign investment flows, while property and construction continue to shape Albania’s FDI model. Tirana Times June 25, 2026
Albania’s Missing Generation: A Country Losing Its Future Before 2050
Change font size: - + Reset Tirana Times, June 22, 2026 – Albania is no longer facing a normal demographic decline. It is facing the possible disappearance of the very generation on
OTP Bank Albania inaugurates new Private Banking premises in Tirana
Change font size: - + Reset Tirana Times, May 18, 2026 – OTP Bank Albania has inaugurated new premises dedicated to the Private Banking segment, unveiling an exclusive space designed for clients