The company has invested $38.5 million in cleaning up several waste oil pits, where it might install solar panels of up to 12 megawatts, Petrotel-Lukoil representative Constantin Dumitru said Monday.

Petrotel-Lukoil general manager Andrei Bogdanov said the company hasn’t made a decision on the matter yet.

According to Bogdanov, the refinery will continue to register loss this year and its turnover will be lower.

Petrotel-Lukoil posted turnover of 6.9 billion lei (EUR1.6 million) in 2012, up around 5% on the year, while losses reached RON274.4 million, down 30% compared with 2011.

Lukoil also operates over 300 gas stations in Romania. (EUR1=RON4.4676)