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Goldfisch · 31-10-2004, 12:05

29 Oct 2004 Radina Maria

Lukoil launches Romanian refinery after upgrade.

On Thursday, Lukoil launched its Romanian refinery after an upgrade that cost $120.7 mln.
As a result of restructuring, the refinery will be able to boost processing depth of crude oil from 87.9% to 94.8%. Total annual refining output will stand at 2.4 mln tons. The proportion of light oil products will jump from 73.3% to 81.7% and amount to nearly 2 mln tons. In 2005 the company’s refinery will fully switch to oil products produced in compliance with Euro-3 and Euro-4 standards.

A total of 257 filling stations and 10 petroleum depots operate under the Lukoil brand in Romania. The company’s share on the local products market is approaching 20%.

Thus, the re-commissioning of its refinery in Romania will enable Lukoil to expand its sales of value-added oil products on the European market.

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Russian LUKOil Seeks Higher Stake in Bulgarian Refinery

Business: 30 October 2004, Saturday.

Russia's grand in oil sector LUKOil has declared interest to increase its stake in Bulgarian oil refinery in Burgas, which is currently standing at 58.4%.

According to Dow Jones NewsWires, the company's European arm Lukoil Europe Holdings B.V. has asked Bulgarian government to allow it to buy out the shares of other stockholders in the Lukoil Neftochim Burgas.

Besides Lukoil, Neftochim Burgas is owned by British Virgin Islands-based Power Trade Ltd with a stake of 12.7% and 24.71% held by Cyprus-based Rienco Investment Ltd.

The Russian request could be met if Bulgaria's Financial Supervision Commission approves a tender offer to purchase Bulgarian oil refinery.

Quelle: SofiaNews

31-10-2004, 12:05	#35
Goldfisch TBB Family Registriert seit: Mar 2004 Ort: NRW Beiträge: 2.309	29 Oct 2004 Radina Maria Lukoil launches Romanian refinery after upgrade. On Thursday, Lukoil launched its Romanian refinery after an upgrade that cost $120.7 mln. As a result of restructuring, the refinery will be able to boost processing depth of crude oil from 87.9% to 94.8%. Total annual refining output will stand at 2.4 mln tons. The proportion of light oil products will jump from 73.3% to 81.7% and amount to nearly 2 mln tons. In 2005 the company’s refinery will fully switch to oil products produced in compliance with Euro-3 and Euro-4 standards. A total of 257 filling stations and 10 petroleum depots operate under the Lukoil brand in Romania. The company’s share on the local products market is approaching 20%. Thus, the re-commissioning of its refinery in Romania will enable Lukoil to expand its sales of value-added oil products on the European market. --------------------------------------------------------------------------------- Russian LUKOil Seeks Higher Stake in Bulgarian Refinery Business: 30 October 2004, Saturday. Russia's grand in oil sector LUKOil has declared interest to increase its stake in Bulgarian oil refinery in Burgas, which is currently standing at 58.4%. According to Dow Jones NewsWires, the company's European arm Lukoil Europe Holdings B.V. has asked Bulgarian government to allow it to buy out the shares of other stockholders in the Lukoil Neftochim Burgas. Besides Lukoil, Neftochim Burgas is owned by British Virgin Islands-based Power Trade Ltd with a stake of 12.7% and 24.71% held by Cyprus-based Rienco Investment Ltd. The Russian request could be met if Bulgaria's Financial Supervision Commission approves a tender offer to purchase Bulgarian oil refinery. Quelle: SofiaNews __________________ "Es gibt tausende Möglichkeiten, sein Geld auszugeben, aber nur zwei, es zu erwerben: Entweder wir arbeiten für Geld oder das Geld arbeitet für uns." Bernhard Baruch Geändert von Goldfisch (31-10-2004 um 13:02 Uhr)