Tag: oil

Transformation process at Sisak refinery to start in H2 2019 – Croatia, 17 January 2019

The management of Croatian oil company INA met with the representatives of three unions of Sisak oil refinery to discuss the future of the plant. The management assured that there will be no collective lay-offs and talks on the level of severance pay will continue. Processing of crude oil at Sisa Full article available for […]

ELPE binding bids by late February/early March – Greece, 15 January 2019

According to unofficial sources, the new deadline for the submission of binding offers for the purchase of 50.1 % share in oil refiner Hellenic Petroleum (ELPE) will be set for late February or early March. This new, one-and-a-half month extension should provide enough time for the sale’s new ent Full article available for subscribers of […]

SOCAR to invest up to 2 billion dollars in petrochemical complex in Turkey – Turkey, 15 January 2019

CEO of SOCAR Turkey Zaur Gahramanov said that the investment cost of the joint project of the State Oil Company of Azerbaijan (SOCAR) and BP for the construction of a petrochemical complex in Turkey will be between 1.5 and 2 billion dollars. Gahramanov said that the start of construction of a new Full article available for subscribers […]