Tag: refinery

OMV Petrom to invest over 40 million euros in Petrobrazi refinery overhaul – Romania, 24 May 2016

Romanian oil and gas company OMV Petrom, a subsidiary of Austrian OMV Group, is planning to invest 16.8 million euros in the overhaul of Petrobrazi oil refinery and additional 23.7 million euros in its modernization. According to the statement from the company, the overhaul will start this week and should last up to one month. […]

Brod refinery to use last year’s profits to cover accumulated losses – Bosnia and Herzegovina, 23 May 2016

Profit achieved by the Bosnian oil refinery in Bosanski Brod in 2015 will be allocated to cover part of the accumulated losses from previous years, according to a draft proposal for the company’s shareholders’ Assembly, scheduled for 24 June. Brod refinery recorded a profit of some 2.95 million euros in 2015 and after covering a […]

TANAP will supply gas to STAR refinery – Turkey, 20 May 2016

Turkish President Recep Tayyip Erdogan said that natural gas that will be supplied from Azerbaijan via Trans-Anatolian gas pipeline (TANAP), which is currently under construction, will meet the needs of Star oil refinery in Izmir. President Erdogan reminded that Azerbaijan currently supplies some 6 to 7 billion cubic meters of gas per year to Turkey, […]