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OMV Petrom Finalizes Modernization of Petrobrazi Refinery

Published: July 24, 2014; 14:01 · (FriedlNews)

OMV Petrom, the largest oil and gas producer in South-Eastern Europe, has announced the successful finalization of the modernization process of Petrobrazi refinery, performed during 2010-2014. Total investment in the modernization process amounted to around EUR 600 mln. The main target of the investment program was to increase competitiveness. OMV Petrom is now able to process the entire Romanian crude production of OMV Petrom in a single refinery.

Petrom Finalizes Modernization of Petrobrazi Refinery / Picture: © OMV AG

The adjustment of Petrobrazi refinery’s capacity up to 4.2 mn tonnes/year ensures the efficient processing of the crude, capitalizing on OMV Petrom’s integrated company model.

Around EUR 600 mn investment for modernization during 2010-2014
Refinery adapted to process entire crude production of OMV Petrom in Romania
Product yield structure adapted to market…

This article includes a total of 537 words.

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