RAFO Onesti
Encyclopedia
RAFO Oneşti is one of the largest oil refineries
in Romania
and Eastern Europe
with an annual total refining capacity of 3.5 million tonnes of oil.
The refinery was privatised in 2001 with the major stock of 60 % being sold to Imperial Oil
and Canyon Servicos for around US$ 7.5 million. The British
company Balkan Petroleum bought the refinery from those companies in 2003.
In November 2006, Calder - A bought the refinery and paid all its debts to the state budget. Until November 2007 the company paid debts worth around US$ 380 million and increased the capital by US$ 860 million.
The company also operates a chain of 290 gas stations, of which it owns 45, the rest being business associations.
The refinery is currently shut down for maintenance and installation upgrading until 2009 at a total cost of US$ 520 million.
Oil refinery
An oil refinery or petroleum refinery is an industrial process plant where crude oil is processed and refined into more useful petroleum products, such as gasoline, diesel fuel, asphalt base, heating oil, kerosene, and liquefied petroleum gas...
in Romania
Romania
Romania is a country located at the crossroads of Central and Southeastern Europe, on the Lower Danube, within and outside the Carpathian arch, bordering on the Black Sea...
and Eastern Europe
Eastern Europe
Eastern Europe is the eastern part of Europe. The term has widely disparate geopolitical, geographical, cultural and socioeconomic readings, which makes it highly context-dependent and even volatile, and there are "almost as many definitions of Eastern Europe as there are scholars of the region"...
with an annual total refining capacity of 3.5 million tonnes of oil.
The refinery was privatised in 2001 with the major stock of 60 % being sold to Imperial Oil
Imperial Oil
Imperial Oil Limited is Canada's largest petroleum company. The company is engaged in the exploration, production and sale of crude oil and natural gas. It is controlled by US based ExxonMobil, which owns 69.6% of its stock...
and Canyon Servicos for around US$ 7.5 million. The British
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
company Balkan Petroleum bought the refinery from those companies in 2003.
In November 2006, Calder - A bought the refinery and paid all its debts to the state budget. Until November 2007 the company paid debts worth around US$ 380 million and increased the capital by US$ 860 million.
The company also operates a chain of 290 gas stations, of which it owns 45, the rest being business associations.
The refinery is currently shut down for maintenance and installation upgrading until 2009 at a total cost of US$ 520 million.