ECONOMY

ELPE?s Okta refinery in FYROM to start after 7-month halt

Hellenic Petroleum SA (ELPE), Greece?s largest refiner, plans to start its Okta facility in the Former Yugoslav Republic of Macedonia after a seven-month halt, according to a company official.

ELPE will start operations ?over the next few days,? the official said today in an e-mail, declining to be identified because of company policy.

The refinery has been shut since the end of the first quarter, he said.

The plant has the capacity to process about 50,000 barrels of crude a day, according to data compiled by Bloomberg.

?Decisions over when to start a Hellenic Petroleum refinery is based on commercial and operational factors,? the official said, without elaborating.

[Bloomberg]