Eastern European late March downstream update
Poland
The Polish government is cautious regarding a prospective US$ 1 billion takeover of state controlled refiner Grupa Lotos SA by a Russian investor. The trepidation reportedly stems from Poland’s partial dependence on Russian crude oil. Poland will asses bids for the 53% stake in September or October
Romania
Petrom has announced the permanent closure of the landlocked Arpechim refinery due to a need to increase efficiency. The option of selling the facility was not exercised, as no credible buyer with the operating expertise and financial resources to undertake the project was identified.
Russia
Bashneft has awarded Foster Wheeler an engineering and material supply contract for the JSC Novo-Ufimsky refinery in Ufa, Bashkortostan. The company will provide a new terrace wall steam reformer heater and air preheating system. Work is scheduled for completion by mid-2012.Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/31032011/eastern_european_late_march_downstream_update/
You might also like
Hydrocarbon Engineering Podcast
Mike Logue, Owens Corning Global Business Director – Mechanical Insulation, delves into factors that can support the performance, safety and longevity of insulating systems installed in hydrocarbon processing environments, including cryogenic facilities.
Watlow expands facility in Malaysia
Watlow accelerates growth in Malaysia with expanded facility and long-term commitment to southeast Asia’s industrial development.
