Rompetrol's petrochemical revenues double

Petrochemical company Rompetrol Petrochemicals, a member of the Rompetrol petroleum group estimates turnover for this year to stand at 104.6 million dollars (80.4 million euros), double in dollars compared with 2003 and triple compared with 2002. The strong growth of Petromidia’s petrochemical division is due to an increase of the polypropylene output in the last few years, which has come at about 70,000 tonnes a year, and to the strategy to become one of the top traders of petrochemical products in the Balkan area. “We anticipate an about 50% growth for 2005 to approximately 154 million dollars, with most of this growth derived from our trading operations,” Eric Chis, Rompetrol Petrochemicals chief executive and Rompetrol Group’s vice-president for development and acquisitions told Ziarul Financiar. Eric Chis was the man who headed the restructuring of the Petromidia Refinery, following takeover by Rompetrol. ZF