RomaniaPart of KMGrompetrol.com
Its roles Owner Investor / Financier Operator
Rompetrol Rafinare SA is a leading Romanian company engaged in oil refining, petrochemical production, and related downstream activities. It operates two of Romania's four functional refineries: Petromidia in Năvodari, the largest and most modern refining facility in Southeast Europe, and Vega in Ploiești, the country's oldest refinery with over 120 years of history, specializing in bitumen, n-hexane, and solvents as Romania's sole producer of polymer-modified bitumen and n-hexane.
The company maintains the only petrochemical division in Romania, producing a range of fuels including gasoline, diesel, and jet fuel, as well as petrochemical products. It processes significant volumes of crude oil, primarily from Kazakhstan, and supplies domestic and export markets in the Black Sea region. Through subsidiaries, it also engages in fuel distribution via the Rompetrol network.
Rompetrol Rafinare SA is majority controlled by KMG International N.V., part of Kazakhstan's KazMunayGas Group, holding approximately 54.63% of shares directly and indirectly. The Romanian State, via the Ministry of Energy, owns about 44.7%, with the remainder held by minority shareholders. The company is publicly listed on the Bucharest Stock Exchange (ticker: RRC) and has received substantial investments exceeding USD 2.7 billion since 2007 for modernization and capacity expansion.
Headquartered in Navodari, Constanța County, it employs approximately 1,900 people and plays a key role in Romania's energy sector, contributing significantly to the state budget as one of the largest taxpayers. The company focuses on operational efficiency, sustainability initiatives such as renewable energy projects, and integration into the international value chain of its parent group.
Also known as Petromidia Refinery, Vega Refinery, RRC, Rompetrol Rafinare S.A., Petromidia Năvodari and 1 more.
chemXplore tracks 6 projects involving Rompetrol Rafinare, of which 3 are active.
Besides these 3, the record holds 2 completed projects and 1 cancelled.
Closest to start-up first.
The 3 that are completed, on hold or cancelled are in the record. See all 6 in chemXplore →
The dates themselves, per project, are for subscribers.
9.4 MW PV at Petromidia to supply >9,800 MWh/year for internal use, cut ~6,024 tCO2/year; project cost ~44 million lei with 14 million lei EU Modernization Fund grant; completion by 31 Dec 2028.
Five-tank modernisation increases storage capacity by about 20%, adds specific tank upsizes, and uses hydraulic jacking to reduce working-at-height risk and speed construction.
4.8 MW PV plant with ~9 MWh battery will supply >6,200 MWh/yr for self‑consumption, cut >3,800 tCO2/yr; investment ~27 million lei; completion by 31 Dec 2028.
Consolidated turnover +25% to USD 3.5bn; EBITDA +65% to USD 128.1m and net profit USD 40.4m. Petromidia shifted output toward domestic market; H2 outlook cautious.
Plant can start and run without National Energy System power; tested with Transelectrica and Nuclearelectrica; capacity ~80 MWh and 180 t/h steam; can feed surplus to grid.
Unit optimizations enable higher‑purity hexane suited for oil extraction, adhesives, paints and degreasing; ~150 t/day capacity, boosts extraction yields and shortens processing time.
Petromidia and Vega refineries will halt operations for a 20-day scheduled maintenance, focusing on inspections, equipment cleaning, and component replacements to ensure safety and efficiency.
The Petromidia cogeneration plant is operational, enhancing energy infrastructure, reducing costs, and supplying electricity and steam to the refinery and National Energy System.
active all projects
