“The operational results marked by historical records of Petromidia and Vega refineries were achieved further to the constant programs for modernizing production installations, and those to optimize industrial processes and cut operation costs. In 2016, the Petromidia refinery registered a historical level of processed raw material, of 5.4 million tons/year, given the improvement of the energetic intensity index and the cutting of processing costs to the lowest level in the last 10 years, of USD 16.7/ton. Also, the Vega refinery produced the highest annual quantity of bitumen of 91,000 tones, being the only producer in the country. The constant performances of Rompetrol Rafinare were made further to the investments supported by KMG International and its sole shareholder, the national oil and gas company in Kazakhstan, KazMunayGas, which amounted to USD 1.4 billion starting from 2007, the takeover time”, Yedil Utekov, Rompetrol Rafinare general manager, said in a statement.
In 2016, the quantity of raw material processed by the Petromidia refinery amounted to 15,700 tons/day, up 9% compared with 2015.
The production of car gasoline increased to 1.25 million tons, while the Diesel gas production amounted to 2.52 million tons in 2016, thus marking historical production records for these categories of products
The quantity of reactor oil produced by the Petromidia refinery also reached a record level in 2016, of 237 thousand tons.
The Vega refinery registered a historical record both in terms of the produced quantity of bitumen, and that of ecological solvents, of over 40 thousand tons, in 2016. The Vega Refinery registered a historical cost in the decrease of the processing cost, which reached the level of $39.7/mt. Also in 2016, the hexane yield increased to 55%, the equivalent of 83,000 production tones.
Rompetrol Rafinare SA exported in 2016, through the refinery and petrochemistry divisions, a total quantity of products of 2.5 million tons, higher by 3.7% as compared to 2015, mainly to the partners in the Black Sea region. The company is the biggest exporter of oil products of Romania and the second exporter at a national level.
The net consolidated profit reported by Rompetrol Rafinare in 2016 reached $49.8 million, indicator negatively influenced by the evolution of international quotations for oil products, marking a decrease 23%.
Rompetrol Rafinare SA continued to be an important taxpayer to the Romanian state budget, paying more than $1.277 billion for 2016 and the value of the contribution to the state budget exceeding $12.5 billion in the 2007 – 2016 period.