Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), recorded, in the first 9 months of 2024, a gross turnover of 3.57 billion dollars and an operating result (EBITDA) of approximately 125 million dollars, indicator that measures the company’s profitability before 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, registered internationally.
“The Petromidia and Vega refineries are operating at optimal capacity, at a level that we anticipated after the resumption of operational processes, following the completion of all works during the general overhaul. It was a difficult project with many important actions, but one that ensures we operate at high standards of efficiency and safety. The efforts were reflected in the activity in the third quarter, which shows us the upward trend, also supported by the works carried out in the revision,” said Florian Pop, General Manager of Rompetrol Rafinare.
The company reconfirms its commitment to supporting the stability of the energy sector, with almost 70% of the total fuels obtained between January and September 2024 being delivered to the domestic market.
The total value of exports made by Rompetrol Rafinare (through the refining and petrochemical divisions) in the first 9 months of the year, amounted to 701 million dollars, against the background of a volume of almost one million tons of petroleum products exported in January – September 2024 .
Rompetrol Rafinare is one of the largest contributors to the state budget, with 456 million dollars in Q3 2024, respectively 1.12 billion dollars paid in the first 9 months of 2024. Of the total, 30.3 million dollars represents the contribution to solidarity for the year 2023, and 6.1 million dollars represents the turnover tax, related to the first semester of 2024.
Rompetrol Rafinare took note of the legislative initiative under promulgation, which would substantially increase the turnover tax and affect the company’s activity. Rompetrol Rafinare is taking all the necessary steps to maintain its position on the profile market, in a difficult fiscal context, in which the pressure of overtaxation influences the long-term operational and investment capacity.