Press Releases

Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), recently completed a 4.2 million USD investment in the modernization of the Vacuum Distillation Plant (DV) within the Vega Ploieşti refinery. The project will help to improve operational processes and will also have a positive impact in terms of increasing the protection of the environment.

In the context of the recent incident in the port of Novorossiysk, which affected the ability to load crude oil from the Caspian Pipeline Consortium (CPC) pipeline, KMG International Group confirms that it does not experience difficulties in supplying raw materials and there are no elements that could lead, in the next period, to a reduction in the volume of oil products and deliveries at national level, but also in the region.

During this night (6th of March), Rompetrol faced a complex cyber-attack. We are in constant contact with the National Directorate of Cyber Security (DNSC) and fully involved to resolve the situation.

Rompetrol Rafinare, member company of the KMG International Group (KMGI), will suspend the operational activity of the Petromidia Năvodari refinery, between March 11 and April 3, for a scheduled technological turnaround.

Rompetrol Rafinare, a member company of the KMG International Group, managed to improve its financial indicators in 2021, amid a sales volume similar to the previous year, but also as a result of higher market quotations compared to similar periods from 2020.

Rompetrol joins the campaign initiated by the Romanian National Red Cross Society – “Humanity Has No Borders” - and donates fuel to support volunteers and personnel providing specialized care during emergencies.

Grupul KMG International N.V. (din care fac parte Rompetrol Rafinare şi Rompetrol Well Services) ia act de relatările recente din mass-media din Polonia şi România, privind interesul manifestat de Polski Koncern Naftowy Orlen SA (PKN Orlen) şi Chimcomplex (CHOB) faţă de business-ul Grupului KMG International.

In the global business environment, the European refining margins stood, in the first nine months of 2021, at an average level of 13.5 USD / MT. Although the refining margins were lower compared to the average for the period January - September 2020, they had an increasing trend in January - September 2021, with a positive impact from gasoline margins, but also due to the low differential between Urals and Dated Brent crude oil.

Rompetrol Rafinare, member company of the KMG International Group, has completed most of the turnaround of the production units on the Petromidia platform and performs the last technical checks in order to restart the production activity in conditions of maximum safety. The technological installations will be restarted in stages and are expected to reach, by the end of October, the optimal operating efficiencies.

Rompetrol Rafinare, member company of the KMG International Group, recorded increasing financial results in the first half of this year, compared to the same period of 2020, as a result of the increase in sales, along with the positive evolution of international quotations for petroleum products.