Operating profit (EBITDA) was $327 million, up 276%, as a result of higher market prices compared with the same period last year, the company said in a press release. Net profit reached $161.2 million, after a loss of $57.8 million as of September 30, 2021.
The European refining margin increased 11.7% in the first nine months of the year. The indicators were mainly influenced by the continued recovery in demand for refined products.
During the period, Rompetrol Rafinare, through its Petromidia Navodari and Vega Ploiesti refineries and its petrochemicals division, directed about one third of its production to the external market. Exports stood at more than $1.27 billion, or over 1.28 million tons sold.
The significant shareholders of Rompetrol Rafinare SA are KMG International (54.63% – directly and indirectly) and the Romanian government through the Energy Ministry (44.7%).
Gross revenue of the refining segment reached almost $1.6 billion in third quarter of 2022, respectively $4.16 billion in the first nine months of 2022, while the operating profit (EBITDA) amounted to about $343 million in January – September 2022.
(English version by Loredana Fratila-Cristescu)