The company also envisages a threefold lower net profit in 2017, of $13.5 million (RON57 million), compared with the net result registered a year before.
The company’s 2017 budget includes several weak points such as the high energy costs, compared with the costs registered by refineries in the region, because the company does not have its own energy resources, as well as the migration of specialized staff.
The risk category also includes the major dependence on utility suppliers and the oil market volatility.
Rompetrol Rafinare’s main rivals include OMV Petrom (through the Petrobrazi refinery) and Lukoil (through the Petrotel refinery).