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Bucharest
June 24, 2021
POLITICS

Why does the state need Arpechim?

The Arpechim oil refinery is the mainprovider of raw materials for the oil andchemical installations of the Pitesti industrialplatform, which in turn supplies muchneededmaterials to chemical plant Oltchim,controlled by the Economy Ministry.

“Oltchim relies on the refinery, becauseit provides raw materials for its petrochemicaldivision. Otherwise, we would have tobuy them from Petromidia or import themwith an extra logistical cost of EUR 25 M ayear,” Oltchim general manager ConstantinRoibu said in an interview with Adevarulnewspaper. The petrochemical installationsof Arpechim were closed in 2008 and purchasedby Oltchim at the end of 2009, butoperations have not restarted yet, becausethe chemical plant lacks the money for it.This is also why the plant has been workingat 40 pc of its capacity for the last 4 years,and keeps accumulating losses. As a consequence,taking over Arpechim is vital forOltchim’s future, and Petrom knows it. Theeffective process of closing down the refinerywill take at least six months, and the totalcosts will depend on the obligations set bythe Regional Environment Agency, Petromofficials said. They did not elaborate on thestate’s intention to purchase the refinery.

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