Rompetrol Rafinare S.A.

Corporate Details

ISIN(s):

ROPTRMACNOR5

LEI:

549300QBL587DDXVXW29

Country:

Romania

Address:

NORTHERN TOWER, 905700 BUCHAREST

Website:

https://rompetrol-rafinare.kmginternational.com/en/homepage

Sector:

Manufacturing

Industry:

Manufacture of refined petroleum products; manufacture of fossil fuel products

Description

Rompetrol Rafinare is the largest asset held by the KMG International Group in Romania. The company operates the two refineries of the Group - Petromidia of Navodari, county of Constanta, together with the only petrochemical division of the country, and Vega Refinery of Ploiesti, which keeps the local refining industry at high standards. The strategy employed by the Group included investments of more than USD 1.4 billion in development of the refining and petrochemical business lines, as well of the infrastructure supporting crude oil sourcing and delivery of finished products across Romania and the Black Sea region. These retrofitting programmes were undertaken and carried out starting with 2008, in a local and international context marked by the financial crisis, with the oil and gas industry being among the most affected.