Rompetrol Rafinare, member company of the KMG International Group (Rompetrol), introduced two modern reactors into the operational flow of the Petromidia refinery, part of the Middle Distillate Hydrotreating (HDV) unit, which will reach optimal operational parameters in the shortest time possible. The investment of about 16 million dollars, implemented as part of the recently completed general turnaround, will lead to increased amounts of loaded catalyst. The integration of the reactors into production was marked in the presence of the Romanian Government representative – State Councilor Florin Sp?taru and His Excellency, the Ambassador of Kazakhstan to Romania, Yerlik Ali, who conducted an official visit today, on the Petromidia platform. This special equipment is designed and executed for operation at considerable temperatures and pressures, in an environment with the presence of hydrogen. The two reactors, which measure approximately 33 meters in height and weight approximately 285 tons each, were manufactured in Romania by the Comes company and the installation in the operational flow was carried out by Industrial Montaj. The role of HDV is the processing / hydrotreating of diesel mixtures resulting from the technological processes of other facilities in the operational flow, in order to eliminate sulfur compounds and, implicitly, obtain EURO 5 components for the final production of diesel. Changing the reactors is one of the most important projects implemented during the turnaround. In total, around 85 million dollars were invested in the modernization projects of the Petromidia refinery, the largest profile unit in the country. In the first three months of 2024, the Petromidia refinery processed 943 thousand tons of raw materials, mostly crude oil of Kazakhstan origin. Rompetrol Rafinare is one of the most important contributors to Romania's state budget, paying over 316 million dollars in the first quarter of the year. The significant shareholders of Rompetrol Rafinare SA are KMG International (54.63% - directly and indirectly) and the Romanian State, through the Ministry of Energy (44.7%).
Real estate developer Globalworth has begun construction on Green Court D, the fourth building in its Green Court office complex in Bucharest’s Aurel Vlaicu area. Scheduled for completion in 2027, the project is now in its preliminary phase, which includes enclosure works and excavation for the basement structure, the company said. The new building will […]
Romania’s National Committee for Emergency Situations decided to distribute drinking water from the state reserves to 13 localities in the counties of Prahova and Dâmboviţa. The area was severely impacted by a drop in water levels at the Paltinu Dam, leading to problems in the water distribution system and affecting over 100,000 people, local hospitals, […]
Rock star Marilyn Manson will return to Romania next summer to perform at Rockstadt Extreme Fest, organizers announced on Tuesday, December 2. He is among the headliners confirmed for the local rock and metal festival, which will take place from July 27 to 31 in Ghimbav, Brașov county. “For the first time ever, Marilyn Manson […]
Romania’s government has assumed responsibility in Parliament for legislation reforming magistrates’ pensions, prime minister Ilie Bolojan announced on December 2. He said the draft law had received the opinion of the High Court of Cassation and Justice, noting that the court’s assessment was negative. It is the government’s second attempt to have the bill promulgated, […]
Romania Education Alliance (REA), the first private school network in the country, announced it has exceeded the milestone of 1,000 students enrolled across its member schools just one year after launch. "The fact that we surpassed 1,000 students in our very first year of activity shows that the REA model addresses a real need in […]
Genesis College, one of the largest private educational institutions in Romania, announced the regulatory approval of the transaction through which the investment firm Mozaik Investments becomes its majority shareholder. The transaction, signed at the end of July, received all necessary approvals from the Competition Council on November 25, and, formally, the entire investment procedure is […]
