PETROMIDIA
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KazMunayGas: Petromidia Is Financially Unhealthy, But We Can Afford To Sustain Its Losses
The losses recorded by refinery Petromidia, the most important asset of oil group Rompetrol, since Kazakh company KazMunayGas took over the majority stake in the company, exceeded EUR760 mil...
Rompetrol Completes $380M Upgrade Of Petromidia Refinery
Romania’s second-largest oil group Rompetrol, a unit of Kazakh KazMunayGas, Thursday said it has completed a six-year upgrading process at its Petromidia refinery that will increase processi...
Rompetrol CFO Announces Further Cost Cuts Of $100M In 2012
Kazakh-held Rompetrol, the second-largest player in the Romanian oil industry, will continue cost cutting measures this year, considering that since 2007 when the group was bought by KazMuna...
Romania Becomes Shareholder In Petromidia Again After 11 Years
The Finance Ministry last year collected EUR55 million from Rompetrol Rafinare’s (RRC.RO) EUR571 million debt, and for the remaining EUR516 million it received shares accounting for 44.6% in...
Rompetrol Rafinare Starts Final Phase Of Capacity Boost At Petromidia
Romanian oil company Rompetrol Rafinare (RRC.RO), part of Rompetrol group, Tuesday said it has started the final phase of a project meant to increase crude processing capacity at the Petromi...
State Loses First Battle In Court Case Against Rompetrol
The Court of Constanta ruled Monday that the capital increase turning a portion of the debts of Kazakh-held Rompetrol to the state into Rompetrol Rafinare-Petromidia shares was legal, source...