Explosion Rocks Romania's Largest Refinery - Petromidia
An explosion shook the largest Romanian refinery, Petromidia, located in Constanta County on the Black Sea coas
Romanian oil company Rompetrol has opened its 58th gas station in Bulgaria, amidst plans to boost its presence on the Bulgarian market.
The newly opened Rompetrol gas station is located on the E79 road, 10 km north of the Kulata crossing point on the Bulgarian-Greek border.
By the end of 2011, Rompetrol Bulgaria AD plans to open 5 more gas stations in the country, bringing their total number to 63, Stanimir Smilkov, commercial director at the firm, said in a statement.
All fuel sold by Rompetrol in Bulgaria is imported from the Petromidia refinery in the Romanian Black Sea port of Constanta. Rompetrol has recently moved to boost the capacity of the refinery, bringing it to 5 million tonnes annually as of the start of 2011, from the current 3.8 million tonnes.
This investment is expected to reach USD 377 M in a bid to make Petromidia one of Europe's top 25 refineries, the company says.
Back in 2007, Rompetrol was purchased by the state-owned oil company of Kazakhstan, KazMunayGas, from the owner Dinu Patriciu for USD 2.7 B. KazMunayGas's Rompetrol Group has operations in Romania, France, Spain, Russia, Ukraine, Hungary, Bulgaria, Serbia, Montenegro, Moldova, and Albania. In Bulgaria, Rompetrol is the third largest oil company with a market share of about 15%.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022