Tag: oil refinery

OKTA turns to loss in Q1 2020 – Macedonia, 15 May 2020

North Macedonian oil refinery OKTA, owned by Greek Hellenic Petroleum recorded a net loss in the amount of 4.75 million euros in the first quarter of 2020, compared to a net profit of 380,000 euros recorded in the same period last year. The company’s sales revenues dropped by 11.5 % in the first Full article […]

TUPRAS to suspend production at Izmir oil refinery – Turkey, 01 May 2020

Turkey’s largest oil refiner TUPRAS said that it will temporarily stop production at its 220,000-barrel-per-day Izmir oil refinery as coronavirus lockdowns have hit fuel demand. The production will be suspended from 5 May until 1 July. The statement from the company said that it has revised down Full article available for subscribers of Energy NEWS […]

Operation of Pancevo oil refinery partially suspended – Serbia, 29 April 2020

The operation of a part of primary and secondary refining facilities at Pancevo oil refinery has been suspended in order to correct irregularities observed in the operation of sulfur production plant. Serbian oil company NIS said in a statement that works are underway to correct the observed irre Full article available for subscribers of Energy […]