In addition, the company expects net turnover to rise 14% this year, to $3.84 billion, from $3.36 billion in 2011, according to the company’s proposed budget, which will be up for shareholder approval on April 27.
The investment budget stands at $83.3 million.
Rompetrol Rafinare includes the activity of the Petromidia and Vega refineries. Other plans for this year include the processing of 4.64 million tons of raw materials, at the two refineries. Last year, the company processed 3.9 million tons of raw materials.
Furthermore, Rompetrol Rafinare plans to increase fuel volumes sold on the local market by 29%, while exports are expected to widen from 46% to 49.8% of total sales.
Rompetrol Rafinare shares closed up 1% Wednesday, to RON0.037.
The Rompetrol group is held by Kazakh state-owned KazMunayGas. (EUR1=RON4.3737)