“The production activity at Petromidia refinery runs normally. The daily processed quantity is 14.000 tons. We estimate an overall refinery production of 5 million tons by the end of 2015 regardless of the fact that production was stopped for over a month during the turnaround. After completion of works, the equipment operates with a high degree of safety and at a low maintenance cost, the mechanical availability reaching 96.5%,” stated Yedil Utekov, Rompetrol Rafinare General Director.
The overhaul takes place every 5 years according to the current legislation and required investments worth $77.5 million.
Petromidia refinery is the largest unit of its kind in the country and the high level of performance was reached due to the sustained investments from KMG International and its sole shareholder – Kazakhstan National Oil and Gas Company KazMunayGas, in increasing the refining capacity to over 5 million tons per year, modernizing the industrial equipment and maintaining the optimum refinery operation.
The overall quantity of the processed feedstock in the first half of 2015 at Petromidia refinery was 11% higher than in the same period last year and reached 2.6 million tons. The refinery processed a record quantity in 2014 – 5.05 million tons feedstock, with no planned or unplanned shutdowns, the company said.