AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Dutch-based oil investment firm Rompetrol paid the first $35mn installment for Romania's 100,000 b/d Petromidia refinery last week, effectively taking control of the company.
From the start of February, the western-managed Romanian-owned firm was due to supply 250,000 t/month (60,000 b/d) of crude to Petromidia, with the first cargo due to be delivered to the Black Sea port of Constanta early this week. Prior to that, the plant--Romania's most modern refinery --was at a standstill, having worked intermittently for the last four years at around half its nameplate capacity.
Rompetrol sources say that roughly half the oil delivered to Petromidia will be Iraqi …