Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), recorded, in the first half of 2024, a gross turnover of 2.1 billion dollars and an operational result (EBITDA) of almost 45 million dollars, 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 the volatility of international quotations for raw materials (crude oil, bio components) and petroleum products.

“An impact on the company’s results was determined by the general turnaround from this spring, a mandatory project that offers us prospects of amortizing the losses from the first part of the year, the Petromidia refinery currently operating at optimal capacity, with a competitive production level, adapted to current market needs. We continue to be a partner of the Romanians, by directing the products, particularly, to the Romanian market,” said Florian Daniel Pop, General Manager of Rompetrol Rafinare.

Part of the general strategy of the KMGI Group, to meet the demand of Romanian consumers, 73% of the total fuels obtained between January and June 2024 were directed to the domestic market. Thus, Rompetrol Rafinare made constant efforts to support stability in the energy sector, despite the significant reduction in production yields, as a result of the works carried out as part of the general turnaround.

At the same time, Rompetrol Rafinare supported the subsidiaries of the KMG International Group, Rompetrol being the most important fuel supplier in the Republic of Moldova, Georgia and with a significant presence in Bulgaria.

The total value of exports made by Rompetrol Rafinare (through the refining and petrochemical divisions) in the first half of the year, amounted to 344 million dollars, against the background of a volume of 454 thousand tons of petroleum products exported in January – March 2024.

Rompetrol Rafinare continues to be one of the largest contributors to the state budget, with 669 million dollars paid in the first 6 months of 2024. Of the total, 30.3 million dollars represents the solidarity contribution for 2023, and 3.5 million dollars represents the turnover tax, related to the first quarter of 2024.