After an auction held on 8 April failed to attract offers, state-owned oil company Albpetrol decided to cancel the sale of 117,639 tons of crude oil. This is the second time in 2020 that Albpetrol cancelled its crude oil auctions because no bids were submitted. Previously, in early February, the company organized the auction for the sale of 31,000 tons of crude oil.
Albania’s Albpetrol cancelled sale of crude oil
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