The refinery’s capacity will thus be increased to five million tons per year, from 3.8 million tons per year.
So far, the group has invested $234 million in this project, which was started in 2006, Rompetrol said in a news release.
This year, Petromidia plans to refine 3.94 million tons of crude oil, and to invest $216 million, including an $180 million investment in the increase of refining capacity.
The Rompetrol group is held by Kazakh state-owned company KazMunayGas.
Rompetrol Rafinare posted consolidated sales of $1.07 billion in the first quarter, and it has reduced its loss to $11.3 million, from $57.3 million in the first quarter of 2010.
(English version by Andrei Circhelan. Editing by Bogdan Neagu)