COASTAL UNIT EYES MOVE INTO ROMANIA

A unit of Coastal Corp., Houston, has agreed with Romania's Arpechim SA to form jointly owned companies to study the feasibility of setting up an enterprise involving Arpechim's 150,000 Pitesti, Romania, refinery. Coastal Petroleum NY said the enterprise, when in operation, will acquire crude oil and other feedstocks, arrange for processing to capacity of the Arpechim refinery and associated petrochemical complex 75 miles northwest of Bucharest, and sell petroleum products and

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