Petromidia

One of the major sources of authority for Rompetrol Brand is Petromidia refinery, the pillar of the local refining industry.

The largest Romanian refinery and one of the most modern refineries in South East Europe, with a material impact in the region and at a national level, Rompetrol Petromidia celebrated it’s 40^th anniversary in 2019 dedicated to performance and innovation.

Strategic position on the Black Sea

Petromidia is strategically positioned in Navodari, on the Black Sea Coast, 20 km near the port of Constanta. It uses its proprietary railway logistics, has access to the Danube-Black Sea channel and many facilities in the Midia Port: Berths 1-4 for crude and molasses) and Berths 9 (A, B and C) for (for fuel products, ethylene and LPG).

The most important logistics asset of the refinery remains the sole off-shore sea terminal in Romania that can receive up to 160,000 TDW connected via marine and land hoses to the tanks located in the refinery.

A complex refinery

Petromidia has an 11.4 Nelson complexity index and processes crude oil with a high content of Sulphur to produce only Euro 5 products.

The refinery has the highest yield of white products in the region (over 85%), ranked 9 among the 250 refineries in Europe and Africa*.

Constant investments, upgrade and modernization programs need to be implemented to keep refining at a competitive level, and also complying with strict European regulations.

Decrease the electricity consumption

Through the programs of modernization and increasing the efficiency of units and production flows within Petromidia refinery, we have undertaken constant rmeasures to reduce the electricity consumption.

A new Cogeneration plant will be constructed on the Petromidia platform.

The plant will meet the highest technological, energy efficiency and environmental protection standards.

It will use natural gas as the main fuel to produce electricity and heat and will have two high-efficiency, high-performance Siemens turbines and two heat recovery boilers in the technical configuration.

They will generate about 80 MW of electricity, of which about 60-70 MW to fully cover the Petromidia platform's electricity needs, up to 180 tons/hour of technological steam, and up to 20 MW of hot water for Navodari’s heating system.

Read more about our investments.

Contribution to Romania’s state budget

The company is one of the most important contributors to Romania's state budget, paying over 1.65 billion dollars throughout the previous year. Thus, the total amount paid by the company to the state budget amounts to approximately USD 7.6 billion, for the period 2019-2023.

Highlights 2023

5.01 mil tons feedstock processed

0.66% wt technological loss

84.1% wt yield for white products

Digital transformation program

The refinery has continued to invest in automation solutions for increasing efficiency. APC is one of the biggest projects part of the digital transformation.

The implementation began in 2017 as a pilot project at the Atmospheric and Vacuum Distillation Unit (DAV) – one of the most important units in the processing of crude oil that ensures the raw material for the rest of the installations from the refinery.

The benefits generated by APC for this unit amounted to about USD 1.5 million/year, but also led to stability in operational activity.

In 2020, we have implemented the first general turnaround of the Petromidia refinery fully completed only by Romanian companies, with local specialists.

We managed, together with all those involved, to carry out these works safely and without incidents during the 45 days.

The complex works of the turnaround in 2020 were carried out on a large area, of over 200 hectares, with considerable distances between work points, mainly in the open air and in compliance with the rules of social distancing.

1,500 works were executed. In the 45 days, the teams intervened on a number of 1,000 static machines, 150 rotative machines, over 2,600 pipes and tubes and approximately 560 electrical machines.

With the general turnaround in 2020, the Petromidia refinery and the Petrochemical Division will align with the new operating strategy, with a general turnaround scheduled for 4 years and technological shutdowns scheduled for 2 years.

In 2022, the turnaround works were carried out by Rominserv – general contractor of the KMGI (Rompetrol) Group, with the support of 25 companies from Romania and the involvement of over 2,000 people. With a value of around 30 million dollars, the technological shutdown is the most important project in the company's investment plans for 2022.

Key Figures

Results 9 months 2024

Concerning the operational activity of the Petromidia refinery, the general turnaround, as well as the non-operation of the Mild Hydrocracking (MHC) unit in the first quarter of the year, led to a decreased refining capacity utilization, to 74.4% in the first 9 months of 2024. Q3 2024, characterized by the optimal operation of units, recorded a degree of utilization of 90.3%.

European refining margin fluctuated massively between January and September 2024, averaging 69.35 USD/MT, down 35% year-on-year. The lowest level was recorded in July-August 2024 (13.8 USD/MT), similar to February 2022, amid weak demand and increased product inventories.

Results 2023

In 2023, the Petromidia Navodari refinery processed just over 5 million tons of raw materials, managing to produce 1.38 million tons of gasoline and almost 2.5 million tons of diesel and special aviation fuel. Of the nearly 3.9 million tons of fuels, 65% were directed to the domestic market.

The Petromidia refinery managed to obtain, in 2023, a yield of white products of 84.1%wt, but also a record for the production of RON 98 gasoline and the production of special classes of diesel (Diesel 55, Efix Diesel, Super Diesel Euro 5).