Rompetrol Rafinare has started the general turnaround of Petromidia Refinery

Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), has started the general turnaround of the Petromidia refinery, scheduled for the period March 8 - April 26, an extensive project aimed at the maintenance, recertification and modernization of the production units of the largest refinery in Romania.   During the first stage of the turnaround, all installations will stop their operational processes, the oil product will be removed from all production units, and the actual works will last about 40 days. At the end of the period, the units will be reintroduced, gradually, into the production flow of the refinery, and specialists estimate that Petromidia will be able to return to optimal capacity in May. The works will be coordinated by Rominserv (the general contractor of KMG International) and will be carried out with the support of over 30 subcontracted companies from Romania and other European countries, which have wide expertise in such projects.   During the turnaround program, projects will be implemented, aimed at replacing the reactors in the Diesel Hydrotreater unit, modernizing and changing some components and sub-assemblies in the Hydrogen Plant, respectively the Delayed Coking unit.   For the safe execution of the works, the representatives of all the companies involved in the project took additional measures for occupational safety and the training of the employees who will carry out their activity on the Petromidia platform, in accordance with the safety and security policies of the KMG International Group.   The Petromidia general turnaround is a mandatory and necessary measure implemented by Rompetrol Rafinare, which takes place every 4 years, aimed at ensuring a higher safety rate of both technical installations, as well as employees from the platform.   Also, due to the work, which is to be carried out, a favorable framework can be created for future investment in production capabilities in case a potential development of operational assets will be viable.   During the turnaround, the Vega Refinery from Ploiesti will partially reduce its activity, for a series of maintenance works, but also due to the reduction of raw materials and semi-finished products supplied by the Petromidia Refinery from Navodari.   Throughout this period, the company will provide the fuel needed on the domestic market and fulfill its deliveries of petroleum products, according to the commercial contracts in force from its own stocks and with the support of the trading division of the KMG International Group (Rompetrol).   The significant shareholders of Rompetrol Rafinare SA are KMG International (54,63% - directly and indirectly) and Romanian State, through the Ministry of Energy (44,7%).