Tag: refinery

Modernization of Pancevo oil refinery continues – Serbia, 16 September 2020

Serbian Minister of Finance Sinisa Mali met with General Director of oil company NIS Kiril Tyurdenev and discussed the project for the deep processing unit, which is crucial part of the second phase of Pancevo oil refinery modernization, worth around 300 million euros. The two officials talked ab Full article available for subscribers of Energy […]

Lukoil’s Petrotel refinery fined for hydrogen sulfide pollution – Romania, 04 September 2020

Lukoil Petrotel refinery was fined with 20,000 euros after the authorities found that the saturation of hydrogen sulfide in the atmosphere significantly exceeds allowed levels. The authorities of Prahova County informed the National Environmental Guard to investigate the strong odour reported in Full article available for subscribers of Energy NEWS service (PDF publications, energy news, […]

OKTA recorded 3.4 million euros loss in H1 2020 – Macedonia, 26 August 2020

North Macedonian oil refinery OKTA, owned by Greek Hellenic Petroleum recorded a net loss in the amount of 3.4 million euros in the first half of 2020, compared to a net profit of 0.5 million euros recorded in the same period last year. The company’s sales revenues dropped by 38 % in the first si […]