Rominserv Valves Iaifo Zalau, the general contractor of Romania's second-largest oil group Rompetrol, was awarded a $1.07 billion contract to modernize and upgrade the Pavlodar refinery in Kazakhstan, Rompetrol said in a statement Thursday, news agency Mediafax reports. The project targets increasing the refinery's processing capacity to 7 million metric tons of oil a year, from 5 million tons a year presently. The works are slated for completion in 2018
Rominserv Valves Iaifo Zalau, the general contractor of Romania's second-largest oil group Rompetrol, was awarded a $1.07 billion contract to modernize and upgrade the Pavlodar refinery in Kazakhstan, Rompetrol said in a statement Thursday, news agency Mediafax reports.

The project targets increasing the refinery's processing capacity to 7 million metric tons of oil a year, from 5 million tons a year presently. The works are slated for completion in 2018.

Built in 1978, Pavlodar is the largest oil refinery in Kazakhstan.

Both Pavlodar and The Rompetrol Group are controlled by Kazakh state-run oil company KazMunaiGas.

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