Lukoil and Petrom, 600m-euro investments in energy -
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News » February, 2011 » 4 February 2011

Lukoil and Petrom, 600m-euro investments in energy
04.02.2011, 12:09 | Energy | 648 views

Russia's Lukoil, and Petrom, the biggest company on the Romanian market, are in the process of completing investments of over 600 million euros in 2011 in energy production facilities. These are among the few conventional energy projects carried out in the last 20 years, being the first challenges to the state's monopoly in the sector.

Lukoil finalised a 160 million-dollar (115 million-euro) investment in modernising an energy production facility on the platform of the Petrotel refinery in Ploieşti, while Petrom is on the finishing straight with a 860-MW greenfield investment, bigger than a reactor of the Cernavodă plant, worth 500 million euros at Brazi, on the platform of the Petrobrazi refinery.


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