“The investments made by the Rompetrol Group and KazMunayGas in the capacity increase up to 5 million tons also enabled us to significantly reduce the footprint and environmental impact of our activities. They have been supplemented with the amounts allocated for improved environment protection, thus increasing the total investments in the Petromidia platform to more than $1.3 billion “, Rompetrol Rafinare general manager Sorin Graure said in a statement sent to the Bucharest stock market Friday.
Petromidia has recently obtained from the Environment Protection Agency in Constanta a new integrated environment authorization, valid for 10 years, which acknowledges that Petromidia platform installations operate at the highest environment protection standards, according to the statement.
In the first half of this year, Rompetrol Rafinare, the refining arm of Rompetrol, allotted over $55 million for scheduled technical works and the implementation of environmental projects aligned with the national and EU legislation.
Moreover, the company recently completed the upgrade of its coking plant in a nearly $53 million investment.
Petromidia ensures more than 40% of the country’s refining capacities and is aligned to BAT (Best Available Technologies) standards, according to Rompetrol.
Headquartered in Amsterdam, the Netherlands, the Rompetrol Group has assets and operations in 12 countries, mainly based in France, Romania, Spain, and South-East Europe.
The Rompetrol Group is owned by Kazakh state-owned oil and gas company KazMunayGas. Headquartered in Amsterdam, the Netherlands, the group has assets and operations in 12 countries, mainly based in France, Romania, Spain, and South-East Europe.