08 August 2013 12:39 [Source: ICIS news]
BUCHAREST (ICIS)--Romanian refining company Rompetrol Rafinare has invested about $53m (€40m) to revamp a coker unit at its Petromidia refinery, it said on Thursday.
With a capacity of 1.17m tonnes/year, the coker unit will provide superior processing of the vacuum residue derived from vacuum distillation to obtain integrated products such as gas, gasoline, light gasoil, heavy gasoil and coke, it said.
"Investments in technologies and environment on Petromidia platform increased for the last five years up to $600m and the modernisation coker project determined the achieving high technological flow performance by increasing its effectiveness,” said Sorin Graure, general director of the company.
The unit revamp started in 2008 and was developed in partnership with Romania’s Rominserv and US ConocoPhillips. Its construction and start-up took place between 2010 and 2013.
Rompetrol Rafinare, which is based in Navodari, eastern Romania, is 54.6% owned by the Rompetrol Group and other group companies, while the state is the other major shareholder.
Rompetrol Group is fully owned by KazMunayGaz (KMG) and operates the Vega and Petromidia refineries.
($1 = €0.75)
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