Modernization program of Romanian concern Rompetrol plants to be completed in 2011
Kazakhstan, Astana, Jan.21 / Trend , K.Konyrova /
The program for modernization of the oil refinery in the Romanian port of Constanta by KazMunayGas will be completed in 2011, Daniyar Tiesov, KazMunayGaz Managing Director told Trend .
"The modernization program of plants belonging to the Romanian concern Rompetrol continues under the approved plan. However, because of the world financial crisis they will be completed in 2011 instead of 2010," Daniyar Tiesov said.
As previously reported, JSC NC KMG announced that it intends to invest over $340 million in Romania.
The funds are used to modernize two existing oil refineries in order to receive the "Euro-5" petrol standard, as well as expand the filling stations' networks in Eastern Europe and bring their number up to 1200.
JSC NC KMG is the only owner of the Romanian Concern.