03.06.2019

The Kazakh–Romanian Energy Investment Fund, 80% owned by KMG Internatioanl and 20% by the Romanian state, plans to invest $230 million in a cogeneration plant at the Petromidia refinery and to more

10.29.2018

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03.09.2017

KMG International, member of the National Oil and Gas Company of Kazakhstan – KazMunayGas – and owner of oil company Rompetrol, said in a statement on Thursday that 2016 was the year of records in more

11.26.2015

Rompetrol Rafinare, a member company of KMG International, has resumed its production activity at Petromidia refinery and petrochemicals division after safely completing the scheduled general more

08.25.2015

Petromidia refinery, Romania’s largest oil processing unit majority owned by Kazakh state-run oil and gas company KazMunayGas, will enter scheduled one-month overhaul as of September 22. more

07.21.2015

The bid on Romania’s Energy Ministry selling a 26.69% minority stake in oil company Rompetrol Rafinare, which manages the Petromidia Refinery on the Black Sea coast, may take place in the first half more

03.13.2015

Romania’s diesel oil exports reached EUR2.4 billion last year, with 1.47 million tons shipped abroad in January-November, the highest level since 2008 and 70% more than in 2013. more

02.03.2015

The cheaper crude oil will lead to better operating figures for Petromidia refinery, Romania’s biggest oil processing unit, says Catalin Dumitru, vice-president of KMG International, the former more

07.09.2014

Petromidia refinery, part of Rompetrol Rafinare (RRC.RO), the refining unit oil group KMG International, processed over 465,000 tons of raw materials in May, the highest level since its commissioning more

04.09.2014

Economy Ministry’s Department for Energy will start the strategy for the sale of 26.69% in Rompetrol Rafinare (Petromidia) soon and the auction will be held only after a valuation report has been more

02.19.2014

One in four liters of gas or diesel oil purchased in Romania comes from Petromidia refinery, the main asset controlled by Rompetrol, the group owned by Kazak state-owned company KazMunaiGas. more

08.30.2013

Petromidia, the largest refinery of Romania’s second-largest oil group Rompetrol, is the first local refinery to have successfully completed a transition period to align production installations more

12.17.2012

Increasing the refining capacity of Petromidia will render the local market more ‘Romanian’ in terms of supply, considering that imports of oil products and especially of diesel oil make up about more

10.09.2012

The losses recorded by refinery Petromidia, the most important asset of oil group Rompetrol, since Kazakh company KazMunayGas took over the majority stake in the company, exceeded EUR760 million, with more

09.27.2012

Romania’s second-largest oil group Rompetrol, a unit of Kazakh KazMunayGas, Thursday said it has completed a six-year upgrading process at its Petromidia refinery that will increase processing more

01.04.2012

Kazakh-held Rompetrol, the second-largest player in the Romanian oil industry, will continue cost cutting measures this year, considering that since 2007 when the group was bought by KazMunayGas just more

07.22.2011

The Finance Ministry last year collected EUR55 million from Rompetrol Rafinare’s (RRC.RO) EUR571 million debt, and for the remaining EUR516 million it received shares accounting for 44.6% in the more

07.19.2011

Romanian oil company Rompetrol Rafinare (RRC.RO), part of Rompetrol group, Tuesday said it has started the final phase of a project meant to increase crude processing capacity at the Petromidia more

06.28.2011

The Court of Constanta ruled Monday that the capital increase turning a portion of the debts of Kazakh-held Rompetrol to the state into Rompetrol Rafinare-Petromidia shares was legal, sources close to more