China to co-own Romanian refinery with KazMunaiGaz

Rompetrol head Zhannat Tusupbekov and Rompetrol Group General Director Zhanat Tussupbekov and Romania’s State secretary of Ministry of Economy Rodin Traiku are cutting the ribbon on official ceremony of The Rompetrol Group has successfully completed the modernization program of Petromidia Refinery in 2012.

China to expand downstream presence in Europe

ASTANA - As part of a new financing extended to Kazakhstan in a yet another global downturn, China will become a co-owner of a refinery asset in Europe, namely on Romania’s Black Sea shore. It will be the refinery in the seaport of Constanța, earlier part of the oil refinery holding Rompetrol.

The Celestial Kingdom is tying the Central Asian republics ever stronger to itself by financing their major national infrastructure projects.

China’s current approach stands in stark contrast to...

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