October 6 , 2022 [Energy Industry Review] – Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), initiated this year an extensive program of maintenance, rehabilitation, and modernization of the storage capacities for the products obtained in the Petromidia Navodari and Vega Ploiesti refineries. 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 allow us to manage the transfer of finished and semi-finished products more efficiently. With the support of the KMG International Group, we are continuing the assumed path of developing 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 works are planned for approximately 50 tanks located in the Petromidia Navodari and Vega Ploiesti refineries. The works are aimed at maintaining and modernizing storage capacities, implicitly increasing storage capacities, correlated with the evolution of raw material processing parameters in the Petromidia refinery.
In addition, the overall project aimed at the tank park will streamline transport logistics and increase operational safety. At this moment, the works 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 verifications are planned for another six tanks, with a cumulative storage capacity of about 50,000 cubic meters.
It is the second major project started, since 2007, until now, which is intended for the modernization of the tank park. A similar investment was included in the period 2011-2020, when KMG International (Rompetrol) allocated over 17 million dollars in the rehabilitation of over 20 tanks.
In the vicinity of the refinery, about two kilometres away from the Petromidia platform, there is also the crude oil tank park, operated by Midia Marine Terminal (MMT), consisting of eight tanks with a total capacity of about 420,000 cubic metres, connected by a land and submerse pipeline from MMT’s offshore terminal, located 8.6 kilometres off Midia Port.
For this year, Rompetrol Rafinare has 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 targeted for processing. Immediately after the completion of the turnaround works from March to April, the Petromidia refinery returned to optimal operational 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 Navodari is the largest refinery in the country and one of the most modern and complex profile units in the region, which works 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%).
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