“Thanks to investments in excess of 1.3 billion USD on the Petromidia platform by KMG International and its sole shareholder KazMunayGas – the oil and gas company of Kazakhstan, the refinery managed to improve its energy efficiency and maintain mechanical (97%) and operational (96.8%) availability in the month of May, leading to a significant reduction of processing costs by approximately 2 USD/ton (18.3 USD/ton),” said Alexandru Nicolcioiu, KMG International chief production officer.
In May, the company reported its best Diesel production output (49.5%), with produced and delivered fuels of over 231,000 tons. In the same period, the fuel output (petrol, Diesel, jet fuel) rose to 87.9%, a record number compared with the 85.6% level reached in 2013.
Following the increased output of Petromidia Refinery, KMG International reached, through the Midia Marine Terminal company, a record number of more than 270,000 tons of oil products processed through the Midia Port berths in May.
KMG International owns Petormidia Navodari and Vega Ploiesti refineries and operates over 1,100 filling stations in Romania, France, Spain, the Republic of Moldova, Georgia, Bulgaria, under the brands Rompetrol and Dyneff.
KMG International owns a 45.85% stake in Rompetrol Rafinare, while the Economy Ministry owns a 44.69% stake.