About Rompetrol Rafinare
Rompetrol Rafinare is the largest asset held by the KMG International Group in Romania. The company operates the two refineries of the Group - Petromidia of Navodari, county of Constanta, together with the only petrochemical division of the country, and Vega Refinery of Ploiesti, which keeps the local refining industry at high standards.
The strategy employed by the Group included investments of more than USD 1.4 billion in development of the refining and petrochemical business lines, as well of the infrastructure supporting crude oil sourcing and delivery of finished products across Romania and the Black Sea region.
These retrofitting programmes were undertaken and carried out starting with 2008, in a local and international context marked by the financial crisis, with the oil and gas industry being among the most affected.
Rompetrol Rafinare recorded declining financial results in the first half of 2020, due to unprecedented volatility in the oil market, but also the impact generated by the influences of COVID-19 on the demand for petroleum products.
In the context of the restrictive measures imposed with the onset of the pandemic that led to very low market demand, as well as the prolonged misunderstandings and negotiations by OPEC + members that led to a very low historical crude oil price, massive and cheap stocks of products were generated in the oil market. After the relaxation of measures and, in conjunction with the recovery of crude oil prices due to OPEC + agreements to reduce production, cheap oil products stored at full capacity, during the 2 months of isolation of the population in Europe, have created enormous pressure on refinery margins.
Read more about the results in the 1st Sem 2020.
Rompetrol Rafinare, part of the KMG International Group, managed in 2019 to maintain a positive trend in terms of operational results, with record values for processed raw materials, fuel production and sales on the domestic market.
Read more about the results in 2019.
The largest local refinery, and of the most modern in SE Europe.
The longest standing local refinery; supplier of special and niche products.
The sole producer of polymers in Romania.
We make a contribution to the Romanian industry and energy security.
Rompetrol Rafinare, a new type of sort for the production of protective medical masks
Meet the executive management of the company
Environment and health
Rompetrol Rafinare assumes in full its important role in protecting and keeping safe the environment. We bring our constant contribution to mitigation of the environmental impact and of any effects of our operations.
Having reviewed the progresses we achieved in reduction of waste and energy consumption, and in compliance with all environmental regulations, we commit to protect the communities around our operations in the long run. As to employees, our objective is 100% SAFETY, through training programmes, thorough checks and extension of our protocols also to contractors.
Rompetrol Refineries are aligned to the BAT (Best Available Technologies) standards, and Petromidia is the first Romanian refinery to have successfully aligned to European environmental regulations and fuel quality standards.