refinery
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Steaua Romana refinery sees 10 times higher profit
Steaua Romana refinery in Campina posted a net profit worth 4.67 million RON (1.29 million euros) in the first half of the year, over 10 times higher than the profit derived in the similar period of 2007, after it witnessed a 41.3% increase in revenues, to 240...
Steaua Romana refinery in the red in Q1
Steaua Romana in Campina recorded losses worth 406,334 RON in the first quarter of the year, after it posted profit worth 387,187 RON in the first three months of last year, while turnover w...
Lukoil lends 150m euros to Petrotel refinery
Petrotel-Ploiesti refinery, controlled by Russian petroleum group Lukoil, intends to contract a 150 million-euro loan from its majority shareholder Lukoil Europe Holdings, registered in Holl...
Petrom's Arpechim refinery forced to close
The closing down of the Arpechim refinery following the suspension of the integrated environmental authorisation by the National Environmental Protection Agency in Pitesti, generated a 4.7%...
Refinery takes Lukoil revenues to over one billion euros
Lukoil (Russia), one of the world's largest petroleum companies, has overshot the one billion-euro mark in Romania, eight years from its entry on this market. The business of the Russian gia...
Astra refinery in the red
Ploiesti-based refinery Astra Romana posted gross loss of 244bn ROL ($7.4m) last year, whereas profit maintained the past three years' downward trend. Astra reported net profit of just 3bn R...
Petrotel Refinery, the key to Lukoil expansion in Central and Eastern Europe
Lukoil, one of the world's biggest oil corporations, is relying on the Petrotel Ploiesti refinery to cover the fuel distribution markets in Romania, Hungary and the Republic of Moldova, as p...
No dividends from Astra Refinery
Astra Ploiesti Refinery will not be paying dividends this year, which is a first time since its 1998 floatation, as 2002 was a very bad year for its financial results. Turnover plunged to ha...
Astra Refinery sells equity through primary offer
Astra Ploiesti refinery, indirectly held by businessman Ioan Nicolae, is selling, through a public primary offer, a number of 24.9 million shares, with a face value of 1,000 lei, the offerin...