19 January 2015
Contact: Roxana Clinciu
Phone: 0241/506.125
The Petromidia Refinery, historic milestone of 100 million tonnes of
processed raw materials at the end of 2014
The Petromidia Refinery, part of Rompetrol Rafinare and KMG International,
reached a historic milestone of processed raw materials – more than 5 million
tonnes. The total amount processed since 1979 – the commissioning year and up
to now exceeded 100 million tonnes.
“Thanks to the investments carried out by KMG International and KazMunayGas in
the upgrade and processing capacity increase, together with investments for the
development of the petrochemistry sector, the supply of crude oil and the nationwide and regional distribution of fuels, the Black Sea refinery achieved operational
historic records in 2014. With the completion of the wide modernization refining
capacity increase programme in 2012, our strategy and ambition is and remains
aimed at the optimization of productions processes, lower processing costs and
increased energy efficiency”, said Yedil Utekov, general manager of Rompetrol
Rafinare, the company operating the Petromidia refinery.
Some of the historic records of the company in 2014 are the increase in Diesel
fuel production – 2.43 million tonnes (1.91 million tonnes in 2013 and 1.6 million
tonnes in 2012), Diesel fuel yields – 48.8% (46% in 2013, 39.6% in 2012), but
also white products yields – 85.7% (85.5% in 2013, 85.4% in 2012). At the same
time, the refinery achieved an improved energy efficiency index* - 99.8 (102.8 in
2013, 115 in 2012). Through petrochemical division, Rompetrol Rafinare reached
the full capacity of polypropylene – 90 thousands tonnes in 2014 (79,8 thousands
tonnes in 2013 and 86,3 thousands tonnes in 2012).
.
The refinery operated at peak capacity last year, without any scheduled or
accidental stop (365 days), the processed raw materials reaching 13,800
tonnes/day. This production level was also reflected in the company tax revenues
of the state – USD 1.8 billion** (USD 1.4 billion – 2013, USD 1.2 billion in 2012).
The total amount of investments at the Petromidia platform reached
approximately USD 1.4 billion between 2007 (the year of the take over by and
integration into KazMunayGas) and 2014, of which USD 380 million was
earmarked for the large scale modernization of the Petromidia Năvodari refinery.
It mostly involved the building of five new plants and the upgrade/extension of
other existing four, with the objectives to boost refining capacities to more than 5
million tonnes of raw materials/year, modify and align the product basket to the
market needs, move to the exclusive production of Euro 5 fuels, and also to
comply with European environment requirements.
Alongside the processing capacity increase programme, KMG International also
developed other supporting projects – building of the Black Sea offshore oil
Rompetrol Rafinare SA
J13/534/1991
CUI RO 1860712
B-dul Năvodari nr. 215,
Pavilion Administrativ
905700 Navodari
ROMANIA
UniCredit Tiriac Bank SA Constanta
IBAN: RO22BACX0000000030500310
BRD Group Societe Generale SA –
Big Corporate Clients Branch,
Bucharest
IBAN: RO81BRDE450SV01026644500
Share capital: RON 4.410.920.572,6
Tel.: + (40) 241 50 60 00
Tel.: + (40) 241 50 61 00
Fax: + (40) 241 50 69 30
http://www.rompetrol.com
email:
[email protected]
terminal (maximum transfer capacity – 24 million tonnes/year), achieved a three
fold increase of oil products transit through Pier 9 of the Midia Port, overhauled
the crude oil and finished product farm tank, and built the liquefied petroleum gas
import-export terminal.
In its more than 35 years of existence, the Petromidia refinery processed more
than 100 million tonnes of raw materials (95.7 tonnes of crude oil), the largest oil
quantity ever processed by a Romanian refinery. More than 32% of this amount
was processed in the past seven years (2007-2014).
The Rompetrol Rafinare company, the main asset of KMG International (the
former Rompetrol Group), operates the Petromidia Năvodari and Vega Ploieşti
refineries, and is also the only Romanian polymer producer.
Fully owned by the national oil and gas company of Kazakhstan – KazMunayGas,
KMG International is active in 12 countries and is one of the most powerful
Romanian companies and a major player in the Black Sea and Mediterranean
regions, where it owns and carries out significant operations in fields such as
refining, petrochemistry, retail, trading, upstream and industrial services.
* Energy Intensity Index – a refining performance benchmark – the energy used per
production unit divided by a “standard" of energy per unit.
** Preliminary results, the final results will be presented for approval to the Ordinary
General Assembly of the Shareholders scheduled on 29/30 of April, 2015.
Communication and Public Relations Department
KMG International
Rompetrol Rafinare SA
J13/534/1991
CUI RO 1860712
B-dul Năvodari nr. 215,
Pavilion Administrativ
905700 Navodari
ROMANIA
UniCredit Tiriac Bank SA Constanta
IBAN: RO22BACX0000000030500310
BRD Group Societe Generale SA –
Big Corporate Clients Branch,
Bucharest
IBAN: RO81BRDE450SV01026644500
Share capital: RON 4.410.920.572,6
Tel.: + (40) 241 50 60 00
Tel.: + (40) 241 50 61 00
Fax: + (40) 241 50 69 30
http://www.rompetrol.com
email:
[email protected]