Refining and Petrochemicals

Rompetrol brand is strongly connected to the refining and petrochemicals activity in Romania, having a legacy of over 40 years in this field and keeping the local industry at high standards.

Rompetrol owns two out of four refineries in Romania, the excellence centers Petromidia refinery (Navodari city) and Vega refinery (Ploiesti city) as well as the Petrochemicals division, the sole producer of polymers in Romania.

These assets play a strategic role in the local industry and economy. Rompetrol is the biggest exporter of oil products and one of the biggest exporters of Romania.

From Euro 5 fuels, to unique and added value products as bitumen, solvents, Rompetrol covers the needs of a large variety of local and regional businesses.

VEGA

The living history of the Romanian refining industry. The sole producer of normal hexane, bitumen and refined white spirit in Romania.

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PETROMIDIA

The largest Romanian refinery and one of the most modern refineries in South East Europe.

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PETROCHEMICALS UNIT

Rompetrol contributes to the diversity of the Romanian industry. The petrochemicals division within Petromidia refinery is the sole supplier of polymers.

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Contribution to energy security

Petromidia and Vega represent 44,6% of the local refining capacity and could deliver 70% of the current internal demand for fuels, since Petromidia has the highest yield of white products in the region (gasoline, diesel and jet fuel). Petromidia also has the second-largest reserve of oil and crude products in the regulated emergency stockpile.

To fully ensure energy security, a key element is the diversity of supply sources.

More than 1.4 billion USD were invested to develop the refining and petrochemicals units starting 2007, along with logistics infrastructure for crude oil supply and delivery of finished products in Romania and the Black Sea region.

Rompetrol operates since 2008 the offshore marine terminal, a state of art asset that is a viable, cost efficient alternative supply route with raw materials, having direct access to crude oil supplies from Kazakhstan.

Economic impact

Having most of our production assets in Romania, Rompetrol contributes annually by USD 1.2 billion to the local budget, being one of the largest taxpayers of the country.

We have a large network of suppliers and long-term business partners connected to all our refining and petrochemicals activities. It is a highly skilled and complex field and we are working together to further develop this industry that sustained economic development over the years.

Digital transformation

Petromidia platform has played an essential role in the digital journey of our company, fueled by the continuous desire to learn of our specialists.

The roots of what our assets are today are strongly connected to the professional development of some of our employees that are still working in the refinery, after 40 years.

Rompetrol started to use digital benefits in our daily operations since 2004, when DCS (Distributed Control System) was implemented to fully automate the technological processes from the refining and petrochemicals activity.

We continue to be a local pioneer by launching a comprehensive digital transformation program by implementing Advanced Process Control (APC) system to our main units in Petromidia refinery. Pandemic has accelerated this trend that we were anticipating, but we believe the fourth industrial revolution – Industry 4.0 is a mandatory step for the Romanian crude oil processing business.

Environmental footprint

New market realities proved us that we need to be flexible enough to adapt to new market demands and trends.

Adoption of digital solutions, the use of artificial intelligence to optimize the activities, more rigorous control of the quality of the finished products help us moving forward and setting the ground for a sustainable development and diversification of the business.

In our efforts to balance the production outcome, minimize technological losses and eliminate accidental shutdowns in the industrial process, we continued to invest in the maintenance and continuous improvement of the integrated QHSE management system, with special focus on reducing the environmental footprint.

A series of dedicated projects have been implemented recently for minimum environmental impact:

Decrease emissions of sulphur dioxide

Petromidia refinery has a new modern liquefied petroleum gas (LPG) recovery unit, a unique project in Romania. The system ensures a substantial decrease of sulfur dioxide emissions, significantly below the limit imposed by the European Environment regulations. We are proud of this project that was designed, built and implemented by Romanian companies.

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Energy efficiency

The use of complex software (APC) at Petromidia aims not only at identifying optimal conditions for adapting the refining capacity to market demand, product quality improvement, but also reducing energy consumption and more effective control of key parameters.

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Energy saving

Vega refinery will modernize the thermal power plant, including the installation of a new steam boiler, produced in line with the highest standards. The objective is to increase the efficiency from 91%, at present, to about 96% and reducing the emissions resulting from the steam production process.

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Automated vapor recovery system

A fully automated vapor recovery unit was implemented at the auto and rail loading points in the Vega refinery. The vapor recovery unit complies with all the environmental requirements in the field of emissions of volatile organic compounds, resulting from the operations of loading and unloading of petroleum products in the automotive and rail ramps.

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Increase the degree of raw materials processed

This facility was implemented in the flow of the Delayed Coking in Petromidia plant, which will lead to an additional recovery of light gas oil. The reduction of the yield of heavy gas oil leads to the increase of raw materials processed in the Petromidia refinery and to a production of approximately 7 tons / hour of steam and, implicitly, to the reduction of the pressure on the system.

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Consolidated financial and operational results

Results 9 months 2024

Rompetrol Rafinare, a KMG International Group (Rompetrol) member company, recorded in the first 9 months of 2024 a gross turnover of 3.57 billion dollars and an operational result (EBITDA) of about 125 million dollars, an indicator that measures the company's profitability before deducting depreciation, interest, fees and taxes.

The financial results were influenced by the planned shutdown of the Petromidia refinery, between March and May 2024, but also by other factors, independent of its activity - the volatility of quotations for raw materials (crude oil, biocomponent) and petroleum products, respectively the evolution of refining margins, recorded at international level.

The company reconfirms its commitment to support stability in the energy sector, almost 70% of the total fuels obtained between January and September 2024 being directed to the domestic market.

Results 2023

Rompetrol Rafinare, a member company of the KMG International Group, recorded, in 2023, a decrease in financial indicators, on the background of the volatility of international quotations for crude oil and refined products.

The gross turnover was 5.3 billion dollars, in 2023, a 19% decrease compared to the previous year, the operating profit (EBITDA) was 201 million dollars, and the net result was a negative one of 270.5 million dollars.

In 2023, the total quantities exported by the Petromidia, Vega refineries and the Petrochemical Division of Rompetrol Rafinare amounted to 1.64 million tons, while, for the last 5 years (including 2023), the total level was 7,3 million tons.

Rompetrol Rafinare continued to be an important contributor to Romania's state budget, paying over 1.65 billion dollars throughout the previous year.

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More related info:

Sustainability

Environment

Rompetrol incorporates sustainability in every aspect of its activity.
We strive to improve the management of GHG emissions, reduce consumption of fresh water and minimize the waste produced.

Major investments

Operations automation

In refineries, technology has allowed us to extract maximum from raw materials and maintain safe operations without unplanned shutdowns.
It also helped us reduce the impact on the environment, by continuously monitoring the parameters of the installations.

Business

Industrial products

Rompetrol brand is strongly connected to the refining and petrochemicals activity in Romania, having a legacy of over 40 years in this field and keeping the local industry at high standards.

Sustainability

Environment

The oil and gas sector is crucial for addressing global energy demands, yet it must also reconcile these requirements with ecological preservation. Aware of the consequences our operations bear on both the environment and neighboring communities, we are dedicated to reducing these impacts through mindful practices and ongoing enhancement.