Alexei Golovin, chief legal and corporate affairs at KMG International, said the company is looking into raising processing capacity to approximately 10 million tons a year and the cost would amount to approximately $2 billion. Golovin did not say when the works would start or how long they would take.
Petromidia Navodari opened in 1979 and is the largest refinery in Romania and one of the most modern and complex in the Black Sea region. It was taken over by KMG in 2007. In the period 1979-2018, Petromidia processed a total volume of 122.8 million tons of raw materials.
Rompetrol Rafinare announced early August it had completed an investment of approximately $3 million in the modernization of installations at Petromidia, aiming to optimize the production of fuels.
Petromidia currently operates two in-line blending units for fuels (gasoline, diesel), which were built and introduced in the technological flow in 2003, respectively in 2006.