In 2013, the company reported a loss of $98.97 million, versus a loss of $163 million in the previous year.
Rompetrol Rafinare estimates gross revenue will rise 9.6% on the year to $5.36 billion in 2014, according to the company’s revenue and expenditure budget for this year.
The company has scheduled investments worth $35.81 million in 2014, down from $55.2 million a year earlier.
Rompetrol Rafinare is part of Dutch-headquartered KMG International NV, which is fully owned by Kazakhstan’s KazMunayGas.