Petrom and Lukoil, the main competitors of oil company Rompetrol Rafinare, which manages the Petromidia Refinery on the Black Sea coast, could take advantage of this situation to increase sales, some of them having the stocks already prepared now.
“Rompetrol Rafinare, member of KMG International, forecasts to perform the scheduled overhaul of its Petromidia refinery in the autumn of 2015, which supposes the suspension of the industrial installations according to the legislation in force on the functioning of a refinery. Of all the company’s investments in 2015, around $77 million will be assigned for the general overhaul of Petromidia refinery,“ according to representatives of KMG International, former Rompetrol group.
Thus, the refinery’s operations will be suspended between September 22 and October 31.
“Currently, Petromidia refinery is processing around 15,000 tons of raw materials daily, up over 7% compared with 2014’s average of 13,800 tons/day. Rompetrol Rafinare, through its Petromidia Navodari and Vega Ploiesti refineries, as well as through the petro-chemistry unit, aims to process 4.7 million tons of raw materials in 2015, compared with the record-high level of over 5 million tons in 2014,“ the company’s representatives added.
An explanation for the decrease of the processed quantities is the very planned suspension at Petromidia. These overhauls are regular in the refining sector, the processing units periodically entering such programs.
“During this period, the company will comply with all its fuel supply contracts, any additional quantity being provided through the group’s trading unit, KMG Trading,“ the company’s representatives added.
(English version by Manuela Panescu)