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RE: Rompetrol Petromidia selects COP Revamp Coker

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#5543

Charles Randall
Participant

Here is update on Romania Rompetrol Petromidia coker revamp & award of COP as coker technology licensor.
Rompetrol has compelted the first stage of $50MM coker revamp project  (which should compete by 2012) by selecting the coker technology as COP. This is latest in series of capital investments by Rompetrol to expand both capacity and complexity of refinery.
 
Rompetrol won control in Nov 2009 of Petromidia Refinery (built 1975 near Port Constanza) after a year of wrangling  for ~$500MM (3 payments @ $50.5MM each + $250MM debt assumption + $205MM investment commitment). The existing coker as atricle mentions is 22MBD.
 
Note – Foster Wheeler Italy also has Romania Coker Revamp at the Polesti Refinery being done similar time frame.
Regards

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