Rompetrol Rafinare runs out an extensive modernization program of the two refineries; $40 million investments

By RBJ
This year, Rompetrol Rafinare initiated an extensive program of maintenance, rehabilitation and modernization of the storage capacities for the products obtained in the Petromidia Năvodari and Vega Ploiesti refineries. According to Agerpres, the investment effort is estimated at around 40 million dollars, for the period 2022 – 2027.
“The works in the tank park are part of our operational strategy, which aims to make production processes more flexible, in total safety and environmental protection. The project will lead to an increase of about 20% in the diesel storage capacity and will give us allows a more efficient transfer management of finished and semi-finished products. With the support of the KMG International Group, we continue the assumed path of development of the Petromidia and Vega refineries, production units with a major positive impact for the Romanian energy sector,” said Felix Crudu-Tesloveanu , general manager of Rompetrol Rafinare.
In total, rehabilitation and construction are planned for approximately 50 tanks located in the Petromidia Năvodari and Vega Ploiesti refineries. The works are aimed at maintaining and modernizing the storage capacities, implicitly increasing the storage capacities, correlated with the evolution of the raw material processing parameters in the Petromidia refinery.
In addition, the general project aimed at the reservoir park will streamline transport logistics and increase operational safety. The works have already started with the construction of three new tanks for petroleum products, as well as the rehabilitation of a tank for semi-finished products.
In the next period, design, inspection and technical verification works are planned for another 6 tanks, with a cumulative storage capacity of about 50,000 cubic meters.
It is the second major project started, from 2007 until now, which is intended for the modernization of the reservoir park. A similar investment was included between 2011 and 2020, when KMG International (Rompetrol) allocated over 17 million dollars to the rehabilitation of over 20 tanks.
In the vicinity of the refinery, about 2 kilometers away from the Petromidia platform, there is also the crude oil tank park, operated by Midia Marine Terminal (MMT), consisting of 8 tanks with a total capacity of about 420,000 cubic meters, connected by a pipeline land and submarine from the offshore terminal of MMT, located 8.6 kilometers off Midia Port.
For this year, Rompetrol Rafinare set out to achieve a production of almost 4 million tons of fuels, out of a total of over 5 million tons of raw materials intended for processing. Immediately after the completion of the revision works from March to April, the Petromidia refinery returned to optimal operating capacities, with an average of over 15,000 tons of raw materials processed daily.
In the first half of the year, the company mainly concentrated its deliveries of petroleum products to cover the demands of the domestic market, but also in the region, especially to the subsidiaries of KMG International – the Republic of Moldova, Georgia and Bulgaria.
The group is the largest fuel supplier in the Republic of Moldova and Georgia.
Petromidia Năvodari is the largest refinery in the country and one of the most modern and complex profile units in the region, which operates in perfect synergy with the petrochemical division (the only national producer of polymers), but also with the Vega Ploiesti refinery (the only domestic producer of bitumen, hexane and ecological solvents).
The significant shareholders of Rompetrol Rafinare are KMG International (54.63% – directly and indirectly) and the Romanian state, through the Ministry of Energy (44.7%).