In 2012, the company reported a loss of $118.6 million, versus a loss of $171.6 million in the previous year.

Rompetrol Rafinare forecasts gross revenue will rise 12.4% on the year to $4.8 billion in 2013.

The company estimates its Petromedia refinery will process 4.57 million tons of raw materials in 2013, up 12.8% from 4.05 million tons a year earlier.

Fuel deliveries on the local market are expected to increase 27% to 2.73 million tons, while exports are seen up 11% to 1.52 million tons.

The projections are included in the company’s revenue and expenditure budget for 2013 and do not refer to other units in the Rompetrol group.

Rompetrol Rafinare is part of Dutch-headquartered The Rompetrol Group, which is fully-owned by Kazahstan’s KazMunayGas.

At around 1.50 pm Monday, Rompetrol Rafinare traded up 0.9% at RON0.045 a share in Bucharest, amid a slightly declining market.