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Inside Investor

Albania – Dubious Deals

Albania – Dubious Deals

Incident: The sale of Albpetrol to ostensibly US-based Vetro Energy in September has been stalled after Vetro failed to make the deposit to back the guarantee. Vetro Energy was the highest bidder, with a $1.1 billion offer (€850 million), more than triple the value of Albpetrol’s assets. Bankers Petroleum of Canada—the largest producer in Albania and the key company responsible…

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