The Petromidia Refinery, historic milestone of 100 million tonnes of processed raw materials at the end of 2014

The Petromidia Refinery, part of Rompetrol Rafinare and KMG International, reached a historic milestone of processed raw materials – more than 5 million tonnes. The total amount processed since 1979 – the commissioning year and up to now exceeded 100 million tonnes. “Thanks to the investments carried out by KMG International and KazMunayGas in the upgrade and processing capacity increase, together with investments for the development of the petrochemistry sector, the supply of crude oil and the nationwide and regional distribution of fuels, the Black Sea refinery achieved operational historic records in 2014. With the completion of the wide modernization refining capacity increase programme in 2012, our strategy and ambition is and remains aimed at the optimization of productions processes, lower processing costs and increased energy efficiency”, said Yedil Utekov, general manager of Rompetrol Rafinare, the company operating the Petromidia refinery. Some of the historic records of the company in 2014 are the increase in Diesel fuel production – 2.43 million tonnes (1.91 million tonnes in 2013 and 1.6 million tonnes in 2012), Diesel fuel yields – 48.8% (46% in 2013, 39.6% in 2012), but also white products yields – 85.7% (85.5% in 2013, 85.4% in 2012). At the same time, the refinery achieved an improved energy efficiency index* – 99.8 (102.8 in 2013, 115 in 2012). Through petrochemical division, Rompetrol Rafinare reached the full capacity of polypropylene – 90 thousands tonnes in 2014 (79,8 thousands tonnes in 2013 and 86,3 thousands tonnes in 2012). The refinery operated at peak capacity last year, without any scheduled or accidental stop (365 days), the processed raw materials reaching 13,800 tonnes/day. This production level was also reflected in the company tax revenues of the state – USD 1.8 billion** (USD 1.4 billion – 2013, USD 1.2 billion in 2012).The total amount of investments at the Petromidia platform reached approximately USD 1.4 billion between 2007 (the year of the take over by and integration into KazMunayGas) and 2014, of which USD 380 million was earmarked for the large scale modernization of the Petromidia Năvodari refinery. It mostly involved the building of five new plants and the upgrade/extension of other existing four, with the objectives to boost refining capacities to more than 5 million tonnes of raw materials/year, modify and align the product basket to the market needs, move to the exclusive production of Euro 5 fuels, and also to comply with European environment requirements. Alongside the processing capacity increase programme, KMG International also developed other supporting projects – building of the Black Sea offshore oil terminal (maximum transfer capacity – 24 million tonnes/year), achieved a three fold increase of oil products transit through Pier 9 of the Midia Port, overhauled the crude oil and finished product farm tank, and built the liquefied petroleum gas import-export terminal. In its more than 35 years of existence, the Petromidia refinery processed more than 100 million tonnes of raw materials (95.7 tonnes of crude oil), the largest oil quantity ever processed by a Romanian refinery. More than 32% of this amount was processed in the past seven years (2007-2014). The Rompetrol Rafinare company, the main asset of KMG International (the former Rompetrol Group), operates the Petromidia Năvodari and Vega Ploieşti refineries, and is also the only Romanian polymer producer. Fully owned by the national oil and gas company of Kazakhstan – KazMunayGas, KMG International is active in 12 countries and is one of the most powerful Romanian companies and a major player in the Black Sea and Mediterranean regions, where it owns and carries out significant operations in fields such as refining, petrochemistry, retail, trading, upstream and industrial services.

Source: www.bvb.ro