Consolidated financial and operational results
Results T1 2024
Rompetrol Rafinare, member company of the KMG International Group (Rompetrol), recorded in the first quarter of 2024 a gross turnover of about 1.1 billion USD, down 15% compared to the same period last year.
In the first three months of 2024, the Petromidia refinery processed 943 thousand tons of raw materials, mostly crude oil of Kazakhstan origin.
Despite the non-operation of the installations during the turnaround period, Rompetrol Rafinare was consistent in supplying fuels to the domestic market, with 66% of the total supplied domestically. This business strategy aims to maximize sales returns in Romania, where the company is a factor of stability on the energy market.
At the same time, Rompetrol Rafinare supported, with important volumes of oil products, the subsidiaries of the KMG International Group, Rompetrol being the most important fuel supplier in the Republic of Moldova, Georgia and with a significant presence in Bulgaria.
Rompetrol Rafinare is one of the most important contributors to Romania's state budget, paying over 316 million USD in Q1 2024.
Read more about the financial and operational results in Q1 2024