Rompetrol To Invest $2.8M In Dragging Works At Midia Port
Romanian Midia Marine Terminal, owned by oil group Rompetrol, will invest some $2.8 million in 2012 for dragging works on the Midia Port berths, in a bid to facilitate oil tanker transit, Rompetrol said Wednesday in a news release.
“The project is a part of The Rompetrol Group strategy of increasing the processing capacity of Petromidia refinery to 5 million tons of raw material, which is going to be finalized in 2012 and will provide the development of transit capacity of finished products through Midia Port,” said Ioan Taus, general manager of Midia Marine Terminal.
Works will unfold between January and June 2012, in partnership with the National Company of Sea Port Management Constanta (CN APMC).
Between 2007 and 2008, the Rompetrol group has allotted over $175 million to the construction of an offshore terminal some 9 km off the coast. The terminal has an annual transit capacity of 24 million tons of crude oil.
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