Petrol, Tyumen Oil plan refining-marketing venture in Balkans

By the OGJ Online Staff

HOUSTON, Jan. 29 -- Russian company Tyumen Oil Co. and Slovenian company Petrol have agreed to cooperate in oil processing and marketing in Croatia, Bosnia and Herzegovina, the Federal Republic of Yugoslavia, and Macedonia.

Tyumen will provide crude for processing and will manage processing of oil products. Petrol will provide marketing and sales services as well as manage logistics, marketing, and sales of oil products.

Tyumen Pres. Simon Kukes said, "Cooperation with the leading marketer in Slovenia will provide a good growth opportunity for our company in the area of refining and marketing in the region of Former Yugoslavia."

Janez Lotric, president of Petrol, said the cooperation will provide new opportunities for growth in the region.

Tyumen is owned by the Russian Alfa Group and US-Russian Access/Renova. Petrol was formed in 1945 as a crude and refined product trader. After privatization, Petrol was registered as a joint stock company in 1996.

Related Articles

BASF-Total venture starts up 10th furnace at Port Arthur steam cracker

03/24/2014

BASF Total Petrochemicals LCC (BTP) reported the startup of a 10th furnace at its steam cracker facility in Port Arthur, Tex.

Phillips 66 considers splitter at Sweeny refinery

03/21/2014 Phillips 66 is evaluating the potential for the addition of a condensate splitter near its 247,000-b/d Sweeny refinery in Old Ocean, Tex., just sou...

Second small diesel refinery planned for North Dakota

03/21/2014 Quantum Energy Inc. (QEI), Tempe, Ariz., said it has secured land for the construction of a 20,000-b/d grassroots hydroskimming refinery in North D...

Flint Hills settles Port Arthur pollution case

03/20/2014 Flint Hills Resources (FHR) has reached a settlement with the US federal government to implement innovative technologies to control harmful air pol...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected