“Based upon the experience and the expertise gained by Rominserv SRL in modernizing the refineries of Rompetrol Group – Petromidia Navodari and Vega Ploiesti, Rominserv Kazakhstan subsidiary was appointed the winning company of a bid into which 17 domestic and foreign companies participated. We estimate that the total value of contracts adjudicated by Rominserv in Kazakhstan amounts to approximately USD 60 million up to the end of November”, Tudorel Dumitrascu, the manager of the Division of International Activities of Rominserv, states.

The project is part of the modernizing program of Atyrau refinery, an important asset of JSC KazMunaiGas Exploration Production, aiming both to increase the annual processing capacity from 3.5 million to five million tones of crude oil, and to improve the quality of manufactured fuels, in compliance with the international quality standards.

AVD assures the manufacture of light products (gasoline, diesel fuel or gas) through the atmospheric and vacuum distillation of crude oil.

Rominserv estimates to reach a turnover of more than 146 million for this year, decreasing by approximately 22% as compared to the turnover reached last year, based upon a significant decrease of the number and value of industrial projects.

Atyrau refinery is located in the West area of Kazakhstan, where the Ural River flows into the Caspian Sea.