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.
Results 2024
Rompetrol Rafinare, member company of the KMG International Group, recorded, in 2024, a consolidated gross turnover of 4.9 billion dollars and an operational profit (EBITDA) of 174 million dollars.
The Petromidia and Vega refineries processed, in 2024, approximately 4.9 million tons of raw materials. Together, the two refineries account for almost half of Romania's refining capacity. Of the total output from the two refineries and the Petrochemicals Division, about two-thirds were directed to the domestic market, thus supporting both the increased demand in the retail area and the development of other related industries, such as agriculture, logistics, food industry, public transportation services, etc.
In 2024, the country's largest refinery overwhelmingly processed Kazakh crude oil (CPC and KEBCO – Kazakhstan Export Blend Crude Oil), KEBCO being the most widely used grade as its composition is best suited to the refinery's configuration. This type of heavy crude oil is loaded at the Sheskharis oil terminal in the Black Sea port of Novorossiysk and transported by Kazmortransflot, KMG's specialized company.
Regarding exports, in 2024, the Petromidia, Vega refineries and the Petrochemical Division delivered a total of 1.57 million tons of products, worth 1.1 billion dollars.
Read more about the financial and operational results in 2024
PETROMIDIA
REFINERY
The largest local refinery, and of the most modern in SE Europe.
VEGA
REFINERY
The longest standing local refinery; supplier of special and niche products.
PETROCHEMICAL
DIVISION
The sole producer of polymers in Romania.
ECONOMIC IMPACT
We make a contribution to the Romanian industry and energy security.
Press
Releases
28 February 2025
Rompetrol Rafinare's results in 2024, influenced by turnaround, volatile quotes and margins
Rompetrol
Team
Meet the executive management of the company
Environment and health
WE PROTECT
TO CREATE
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.
Certifications
ROMPETROL
REFINERIES
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.