Tag: refinery

Scheduled downtime of Pancevo refinery in March – Serbia, 05 March 2021

A planned downtime will be carried in the oil refinery Pancevo, operated by Serbian oil company NIS, in March, during which maintenance works worth 4 million euros will be performed. All works on cleaning, revision and rehabilitation of equipment, as well as investment projects will be performed Full article available for subscribers of Energy NEWS […]

OKTA refinery recorded net loss in 2020 – Macedonia, 04 March 2021

North Macedonian oil refinery OKTA, owned by Greek Hellenic Petroleum recorded a net loss in the amount of 8.5 million euros in 2020, compared to a net profit of 4.3 million euros recorded in the previous year. The company’s sales revenues dropped by 45 % year-on-year in 2020, reaching 248.2 mill Full article available for […]

Rompetrol Rafinare recorded increased losses in 2020 – Romania, 02 March 2021

Rompetrol Rafinare, a member company of the KMG International Group, recorded a 220.1 million dollars net loss in 2020, compared to a 48.9 million dollars net loss in 2019. The statement from the company said that the decline was contributed to an unprecedented volatility in the oil market and th Full article available for subscribers […]