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 2023

Rompetrol Rafinare, a member company of the KMG International Group, recorded, in 2023, a decrease in financial indicators, on the background of the volatility of international quotations for crude oil and refined products.

The gross turnover was 5.3 billion dollars, in 2023, a 19% decrease compared to the previous year, the operating profit (EBITDA) was 201 million dollars, and the net result was a negative one of 270.5 million dollars.

In 2023, the total quantities exported by the Petromidia, Vega refineries and the Petrochemical Division of Rompetrol Rafinare amounted to 1.64 million tons, while, for the last 5 years (including 2023), the total level was 7,3 million tons.

Rompetrol Rafinare continued to be an important contributor to Romania's state budget, paying over 1.65 billion dollars throughout the previous year.

Read more about the financial and operational results in 2023

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

08 April 2024

Rompetrol - Mobility Partner of the Romanian National Red Cross Society

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.