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Romania’s Rompetrol Sues Govt For Lower CO2 Emission Quota

Romania’s second-largest oil company, Rompetrol Group NV sued the Government for assigning an insufficient quota of carbon dioxide, or CO2, emissions, to its Petromidia refinery, compared with the plant’s refining capacity, Rompetrol said Thursday.
Romania’s Rompetrol Sues Govt For Lower CO2 Emission Quota
24 iul. 2008, 19:21, English

The first trial date was set for September 11.

„In 2007, Petromidia was assigned a quota of 760,000 tons of CO2 for an annual refining capacity of 3.5 millions of tons of crude oil, while Petrobrazi (the refining unit of Romania’s largest vertically integrated oil company Petrom (SNP.RO) – e.n.) was assigned 1.6 millions of tons for a refining capacity of 4.5 million tons of crude oil per year. We need a quota of 1 million tons of CO2,” Rompetrol officials said.

In 2009, Petromidia refinery, a unit of Romania’s Rompetrol Rafinare Constanta SA (RRC.RO), the refining unit of Rompetrol, will need a quota of 1.3 millions of tons of carbon dioxide, due to the increase of its refining capacity up to 1.5 million of tons of crude oil per year, the oil company said.

The European Union, which Romania joined in 2007, imposed member states to gradually reduce their CO2 emissions by 20% until 2020.

In October 2007, the European Commission cut the CO2 emissions for the Romanian industry by 20.7% to 75.9 million certificates from 95.7 million certificates for 2008-2012.

End-2007, Romania asked the European Community courthouse to annul the EC decision on reducing the CO2 quota. The court did not reach a decision yet. Romania complied with the Commission decision, without withdrawing its complaint.