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Axens Awarded for a PolyFuel® Contract in Romania
OMV Petrom has selected Axens to supply the PolyFuel® technology for its project at the Petrobrazi Refinery.The capacity of the project is 200,000 tons per year.

date.png30 Dec 2016 21:12 | comments.png 0 Comments | tags.png axens engineering europe omv petrom refining romania [ More ]

MOL Group and eni Group agreed on the sale of eni subsidiaries in the Czech Republic, Slovakia and Romania, including 208 servic
MOL Plc. hereby informs the capital markets participants that as of today MOL signed a set of agreements with eni relating to the acquisition of three eni subsidiaries including primarily their 208 Agip branded service stations and wholesale activities in the Czech Republic, Slovakia and Romania. MOL has also signed an agreement to purchase eni’s stake in Ceska Rafinerska, which is however has to be offered first to Unipetrol based on its pre-emption right.

date.png07 May 2014 12:01 | comments.png 0 Comments | tags.png czech eni europe mol refinery romania slovakia [ More ]

Petromidia Refinery – A New Beginning
The Rompetrol Group has successfully completed the modernization program of Petromidia Refinery – increasing processing capacity from 3.5 to 5 million tons of raw materials, starting up the exclusive production of Euro 5 fuels, as well as bringing production in line with the demand for oil products in Romania and the Black Sea region. The total value of investments related to this program amounts to over USD 380 millions.

date.png04 Oct 2012 06:48 | comments.png 0 Comments | tags.png europe refinery romania rompetrol [ More ]

AGRI LNG Project Company SRL has awarded Penspen the Feasibility Study
AGRI LNG Project Company SRL, the project company for the AGRI Project, and Oil and Gas engineering group Penspen Ltd have today announced the signing of the contract to undertake a Feasibility Study for the Azerbaijan-Georgia-Romania- Hungary Natural Gas Interconnector Project (“AGRI”) as a result of international tender conducted by AGRI LNG SRL.

date.png27 Sep 2012 05:32 | comments.png 0 Comments | tags.png azerbaijan europe georgia hungary lng penspen romania [ More ]

Petrom finalized the upgrade of the crude vacuum distillation unit in Petrobrazi refinery
Petrom, the largest oil and gas producer in South-Eastern Europe, commissioned the modernized crude vacuum distillation unit in Petrobrazi refinery, during the scheduled 6-week refinery general shutdown. The investment for the modernization program amounted to around EUR 100 mn. Petrobrazi refinery resumed operations this week.

date.png28 Jun 2012 05:15 | comments.png 0 Comments | tags.png europe omv petrom refinery romania [ More ]

Rompetrol is finalizing the assembly works of two new units on the Petromidia platform
“On the eve of the 20’th anniversary of the Republic of Kazahstan Rominserv – a subsidiary company and the general contractor of The Rompetrol Group, is successfully completing construction and assembly operations on two new units at the Petromidia platform (mild hydrocracker unit and hydrogen plant) and has began pre-commissioning and start-up activities in accordance with the refinery processing capacity increase program up to 5 million tons. The investment in the new facilities is estimated to be 264 million USD, while the Petromidia refinery processing capacity increase program amounts 377 million USD.“

date.png29 Dec 2011 22:27 | comments.png 0 Comments | tags.png engineering europe petrom refinery romania [ More ]

AGRI Company announces Request for Proposals for preparation of feasibility study of Azerbaijan - Georgia - Romania - Hungary In
SC AGRI LNG PROJECT COMPANY SRL ("AGRI") announced the Request for Proposals related to the preparation of the feasibility study, the scope of which is to assess the technical, financial and economical viability of the energy cooperation project named Azerbaijan - Georgia - Romania - Hungary Interconnector.

date.png07 Dec 2011 08:34 | comments.png 0 Comments | tags.png azerbaijan georgia hungary lng romania socar [ More ]

Petrom makes a potentially significant gas discovery in Southwestern Romania
Petrom, the largest oil and gas producer in Southeastern Europe, announces the successful result of the exploration well 4539 Totea. The well was drilled in Southwestern Romania, in the Oltenia region, to a depth of 3,600 m and targeted a potentially large, high pressure accumulation. Wireline logging1 indicates the presence of multiple hydrocarbon bearing intervals within the early Miocene objective. During testing, a maximum stabilized flow rate of approximately 3,100 boe/d gas and associated condensate was recorded from a single zone. The results to date indicate this may be a significant new field which is to be assessed by further appraisal.

date.png11 Jul 2011 11:08 | comments.png 0 Comments | tags.png omv petrom romania upstream [ More ]

NIS to Start Operations in Romania
Naftna Industrija Srbije (NIS) and the Canadian East West Petroleum Corp. (EWP) signed a memorandum of understanding, under which the companies will collaborate in the exploration and development of four blocks in Romania - EX-2 (Tria), EX-3 (Baile Felix), EX-7 (Perry) and EX-8 (Blled). This program of exploration will include the collection and processing during a two-year period of 2D and 3D seismic data survey in areas of 900 sq. km and 600 sq. km. km respectively, and drilling of least 12 exploration wells.

date.png03 Jun 2011 09:19 | comments.png 0 Comments | tags.png gazprom-neft nis romania upstream [ More ]

Petrom took the decision to permanently close the Arpechim refinery
Petrom, the largest oil and gas producer in Southeastern Europe, announces the decision to permanently close Arpechim refinery. The decision was taken in the Supervisory Board meeting that took place on March 24, 2011, and is in line with Petrom’s strategy to maximize the integration value of the company and to increase efficiency. The sale option, which the company investigated in the past year, is not feasible as no credible buyer was identified that would have the experience and financial resources necessary to safely and sustainably operate the refinery. On the other hand, Arpechim refinery is a challenging investment case considering that it is a landlocked refinery needing to import crude oil and mainly exporting finished products. In Europe, a series of other refineries that are more technologically advanced and better positioned than Arpechim face the same situation and are already closed or not operating.

date.png25 Mar 2011 12:13 | comments.png 0 Comments | tags.png omv petrom refinery romania [ More ]
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