Turnaround starts at Petrobrazi Refinery
On April 13, OMV Petrom will start works for the periodical turnaround of Petrobrazi Refinery. The production in the refinery will be shut down for six weeks during the full-site turnaround. The turnaround will consist of 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.
“We have been planning this turnaround for two years. We want to reassure you that, although the refinery will be shut down for six weeks, we have taken measures to ensure that this will not impact the fuel distribution network. What’s more, tens of thousands of interventions are planned for the turnaround. The upcoming maintenance and modernization works give us the confidence that the refinery will function safely for the next four years and the environmental impact will be further reduced. Also, we estimate that the Petrobrazi turnaround will be beneficial to the local economy, as approximately 80 percent of the involved companies are local,” said Neil Anthony Morgan, member of OMV Petrom Executive Board, responsible for Downstream Oil.
The budget for this project exceeds EUR 45mn, adding to the over EUR 1.5bn already invested in the modernization of Petrobrazi between 2005 and 2017.
Petrobrazi turnaround in figures
- 5,000 workers involved, 4,000 more than during normal operation
- Eight main contractors and 33 subcontractors, 80 percent of them Romanian companies
- Verifications of 3,720 pipelines and 9,300 pieces of electronic and automation equipment.
Petrobrazi refinery, with an annual refining capacity of 4.5mn tons of crude oil, is one of the most important units of this profile in the country. The Petrobrazi output can cover the necessary fuel for 3mn cars/year.
Between 2005 and 2017, Petrobrazi refinery benefitted from over EUR 1.5bn investments in modernization projects, construction of new installations and environmental projects. Currently, Petrobrazi functions at the highest environmental and performance standards.
About OMV Petrom
OMV Petrom is the largest integrated oil and gas group in South-Eastern Europe, with an annual oil and gas production of approximately 61mn boe in 2017. The Group has a refining capacity of 4.5mn tons/year and operates an 860 MW high efficiency power plant. The group is present on the oil products retail markets in Romania and neighbouring countries through 786 filling stations, as of end 2017, under two brands – Petrom and OMV.
OMV, one of Austria’s largest listed industrial companies, holds a 51.01% stake in OMV Petrom. The Romanian state, via the Ministry of Energy, holds 20.64% of OMV Petrom shares, Fondul Proprietatea holds 9.9985%, and 18.35% is free float on the Bucharest Stock Exchange and London Stock Exchange.
OMV Petrom is the largest contributor to the state budget, with approximately EUR 25.5 bn paid in taxes, contributions and dividends between 2005 and 2017.
Starting 2007, OMV Petrom has integrated the principles of corporate responsibility into its business strategy. In this period, the company has allocated approx. EUR 50 mn for the development of communities in Romania, focusing on environmental protection, education, health and local development.