Romania’s Oltchim Could Take Over Remaining Activities At Arpechim

Romania’s Economy Ministry Tuesday said chemical plant Oltchim (OLT.RO) might take over the entire activity at troubled supplier Arpechim, after the refinery was shut down because of lack of demand.Arpechim refinery will hopefully be transferred "under acceptable terms" to chemical plant Oltchim, said Vlad Cazana, head of the ministry's privatization and participations administration unit OPSPI.End-2009, Oltchim bought the petrochemical business of Arpechim refinery, a unit of Romanian ...

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