Lukoil’s Petrotel refinery, in technical revision

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LukOil, Russia’s second-biggest oil producer, plans to shut its Petrotel refinery in Romania for technical revision during February 25 – April 5, according bloomberg.com.

The company planned repair works to increase the reliability of equipment, reducing energy consumption and environmental safety.

LukOil holds in Romania a network of almost 300 filling stations, fueled from Petrotel. According to industry practices, the distribution stations network will be supplied from the existing stocks, supplemented with fuel from other suppliers in the country where it will needed.

Petrotel refinery in Ploiesti has a refining capacity of 2.4 million tons per year.

In 2015, Petrotel-LukOil Ploiesti had a net profit of RON 15.1 million compared to RON 308 million losses in 2014. In fact, between 2010 -2014, the company has accumulated losses of RON 2.2 billion.

The company recorded in 2015 a turnover of RON 4.34 billion (almost EUR 1 billion), down by 32 percent from RON 6.45 billion in 2014.

LukOil’s Petrotel had on end- December 2015 debts of RON 951.14 million and accounts receivable of RON 240.7 million.

 

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