Patriciu invests 100m euros in warehouses and petrol stations

Petroleum group Rompetrol, held by businessman Dinu Patriciu, will invest around 60 million euros in the construction of a warehouse for petroleum products in the French town of Port la Nouvelle, on the coast of the Mediterranean Sea. The investment will be operated through the French company Dyneff, taken over by Rompetrol at the beginning of last year. The new warehouse is meant to be a replacement for an older warehouse around which a residential area has heavily developed. This virtually places the old warehouse close to the heart of the city. The construction of the new warehouse, which will be called Dyneff 3, will be completed between 2011-2012. Until then, the old facility will continue to operate. Dyneff 3 will cover 17-hectares, and will have access to the railway, to pipelines and to harbour facilities for loading and unloading cargo. The new warehouse will have a capacity of 140,000 to 200,000 cubic metres, compared with 136,000 cubic metres in the old facility. In total, the land of the former facility was around 10 hectares. “We have not made any decisions on the future of the former site. We may rent it, sell it or use it for real estate development, anything is possible,” stated Catalin Dumitru, Dyneff’s operations manager.