“This morning (e.n. Friday) we had talks with OMV Petrom management and I am authorized to say that OMV Petrom will correlate the strategy regarding Arpechim with the strategy on Oltchim restructuring, for OMV Petrom to support Oltchim efforts for reorganization and restart the entire activity. OMV will not demolish Arpechim, but will remain at our disposal if there is any possibility to restart the petrochemical chain, and discuss the possibility to integrate in this chain Arpechim’s petrochemistry unit,” Vosganian said.
Petrom’s chief executive officer Mariana Gheorghe told a news conference Thursday that it will dismantle its unprofitable Arpechim refinery unless it can find a suitable buyer.
Arpechim is the main supplier of insolvent chemical plant Oltchim Ramnicu Valcea.
In 2009, Oltchim bought the petrochemical business of Arpechim refinery for around EUR13 million. The chemical plant announced plans to take over the remaining assets of Arpechim, but the deal was never finalized.
Vosganian added that Gheorghe said she support the state’s efforts on the industrial restructuring.