Bitumen

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.

Joint venture KBM produced 1.018 MMt in H1; Coastal Zone drilling and reserves expanded; CASPI BITUM upgraded to 1.5 MMtpa refining and 750 Ktpa bitumen output.

Revenue rose 6% to €6,044m and RCO to €1,086m. Strategic acquisitions in North America and Turkey; new 1.25 Mt kiln in France and Padeswood CCS on schedule.

Three agreements cover seismic acquisition, a drilling joint venture, and fuel distribution plus a bitumen manufacturing JV and training.

Q1: EBITDA $27.5M; March shutdown (700+ tasks) completed; Petromidia processed ~1.2Mt, white product yield 83.76%; domestic fuel share 66%; state contribution $577M

PHA biopolymer integrated into asphalt boosts bitumen performance and durability, enables circular supply, replaces fossil components, sequesters ~2 kg CO2/kg polymer, and aids 2030/2050 goals.

MOL to gain control of Serbia's sole refinery, enhancing its Central and Southeastern European market presence. Transaction awaits regulatory approvals, aims for completion by March 2026.

MOL to gain control of Serbia's sole refinery, enhancing its Central and Southeastern European market presence. Transaction awaits regulatory approvals, with completion aimed by March 2026.