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OMV´s Petrom: Investments Totaled € 7.7bn Since 2004

Markets ♦ Published: June 27, 2012; 18:18 ♦ (Vindobona)

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Petrom, the Romanian subsidiary of Austrian OMV finalized the upgrade of the crude vacuum distillation unit in Petrobrazi refinery. Investments of approximately € 100m will be made.

OMV´s Petrom: Investments Totaled € 7.7bn Since 2004 / Picture: © Wikimedia Commons / Waerfelu [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)]

Petrom commissioned the modernized crude vacuum distillation unit in Petrobrazi refinery, during the scheduled 6-week refinery general shutdown. The investment for the modernization program amounted to around € 100m. Petrobrazi refinery resumed operations this week.

Neil Anthony Morgan, Petrom Executive Board member, responsible for Refining and Marketing: “Romanian…