Petrom invests EUR 90 million in new gas-processing plant in Midia

Newsroom 02/11/2009 | 15:17

“The new gas-processing plant is much more efficient than the old installation and is compliant with all applicable EU norms explicitly regarding emissions,” said Johann Pleininger, Petrom executive board member, responsible for exploration and production.The Midia plant can process up to 3.8 million cubic meters of natural gas per day with a 99 percent recovery of heavy components, allowing for an improved recovery of 340 tonnes per day of liquid natural gas products, reported Petrom. In comparison, the former gas plant was able to recover only 100 tonnes per day. In addition, the new site has its own gas-fired power generation unit with a capacity of 10 MW including a redundant 200 tonne per day steam generation capacity. This allows the factory to operate independently of any external electric power supply.Petrom is the largest Romanian oil and gas company. It exploits an estimated proven oil and gas reserves of a 0.9 billion barrel oil equivalent (boe), has an annual refining capacity of 8 million tonnes and around 550 gas stations in Romania. The company also has an international network of 269 filling stations located in Moldova, Bulgaria and Serbia. Last year, its turnover was EUR 4,552 million, and EBITDA EUR 969 million. Energy group OMV holds a 51.01 percent share in Petrom.
Dana Ciuraru

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