News Articles

DCU project at Petromidia refinery completed

Rompetrol Rafinare (jointly owned by KMG International Group – 54.63% and Romania’s Ministry of Economy, Energy & Business Environment – 44.69%) has completed an efficiency project at the delayed coking unit of its 100kbd (5Mnta) Petromidia refinery in Navodari, Romania.

RAPID project restart delayed until 2021

Malaysia’s RAPID project in Pengerang plans to delay the restart its fire-hit refinery in the southern state of Johor to early 2021, due to economic reasons. The restart had been scheduled for September, with full commercial operations targeted for late 2020.

Iraq to sign $4 Bn Basra refinery contract with JGC

Iraq’s government is to sign a contract with JGC Corp to construct a 55kbd (2.625Mnta) plant at its Basra oil refinery, at an approx. cost of $4 Bn. The facility will produce fuels including LPG, gasoline and gasoil.

Refining New Zealand seeks cost cutting measures

Refining New Zealand plans to recommence processing of crude next month at the nation’s sole refinery, and is now developing plans to simplify operations in an effort to cut costs, though has provided no specifics of the plan.

Oman likely to exit Bina refinery JV

OQ, was previously known as the Oman Oil Company (OOC) is considering give up its stake in Bharat Oman Refineries (BORL) to Bharat Petroleum (BPCL). BPCL currently holds 63.38% in BORL and is gearing up for divestment.