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.
The first quarter of 2020 was marked by sharp declines in the oil and gas market, driven by restrictive measures imposed with the onset of the COVID-19 pandemic. Rompetrol Rafinare, member company of the KMG International Group, recorded financial results affected by the significant decrease in gross refining margins, halved compared to the previous year.
Read more about the results in Q1 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.
Financial results influenced by the volatility in the oil and gas market, in the first quarter of 2020
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.