Company within Romania's Rompetrol group lands consultancy contract for USD 6 bln project in Kazakhstan

Rominserv, part of the oil and gas group Rompetrol, will supply project management and training services for a petrochemical project in Western Kazakhstan, which is a EUR 6 billion investment that should produce 800,000 tonnes of ethylene and 500,000 tonnes of polypropylene. The consultancy contract with the Romania – based company is worth some USD 5 million for this year, and covers the first stage of the project, which consists in building one of the needed production installations, a task undertaken by Chinese company Sinopec Engineering. This is the third project for Rominserv in Kazakhstan, the home country of Rompetrol's parent company KazMunaiGaz. The previous two projects were undertaken between 2009 and 2011. Rompetrol group, which includes the Rominserv subsidiary, is owned by KazMunayGaz, which took over the company in 2007 from former shareholder Dinu Patriciu. Rompetrol Rafinare, the refining arm of the group, recorded a gross turnover of some USD 4.62 billion in 2012, around USD 200 million less than in 2011. editor@romania-insider.com