Kazakhstan to upgrade, expand Pavlodar refinery
8/1/2013 12:00:00 AM
BUCHAREST -- Rominserv Valves Iaifo Zalau, the general contractor of Romania's second-largest oil group Rompetrol, was awarded a $1.07 billion contract to modernize and upgrade the Pavlodar refinery in Kazakhstan.
The project targets increasing the refinery's processing capacity to 7 million tpy of oil, up from 5 million tpy presently. The works are slated for completion in 2018.
Built in 1978, Pavlodar is the largest oil refinery in Kazakhstan.
Both Pavlodar and The Rompetrol Group are controlled by Kazakh state-run oil company KazMunaiGas.
Dow Jones Newswires
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