OMV Petrom announced that since Friday, April 13, turnaround starts at Petrobrazi Refinery. Project value (investment and costs) exceeds EUR 45 million and covers modernization and maintenance works, inspections and verifications of facilities as well as modernization investments for a series of the main units of the refinery.

Following completion of the modernization works planned for this year, the mean time between turnarounds will increase to four years, with the next turnaround scheduled for 2022. Before 2014, turnarounds of this type were performed annually and, after the finalization of Petrobrazi modernization program, the mean time between turnarounds was extended to two years.

This turnaround will not impact the fuel distribution network, said Neil Anthony Morgan, member of OMV Petrom Executive Board, responsible for Downstream Oil. “We estimate that the Petrobrazi turnaround will be beneficial to the local economy, as approximately 80% of the involved companies are local”, Neil Anthony Morgan also said.

Petrobrazi refinery has an annual refining capacity of 4.5 million tons of crude oil, and it is the second largest in Romania. The Petrobrazi output can cover the necessary fuel for 3 million cars per year.

Between 2005 and 2017, Petrobrazi refinery benefitted from over EUR 1.5 billion investments in modernization projects, construction of new installations and environmental projects.