KMG International to raise the refining capacity to 10 mln tonnes of oil/year in Romania

Newsroom 16/12/2016 | 11:44

National company KazMunayGas Kazakhstan and China Energy Company Limited want to to raise the refining capacity to 10 million tones of oil/year in Romania and to build 200 new fuel filling points and a co-generation station on the Petromidia platform, according to a press release of KMG International.

„KMG International’s strategy with the new shareholders focuses on wider development projects, Romania being the business priority. Taking into account the energy potential of Kazakhstan, the financial resources of China, we’ll have a considerable input to the Romania’s development. We aim to raise the refining capacity to 10 million tonnes of oil per year, to build up to 200 new fuel filling points, the development of industrial services in upstream and downstream area and the construction of a co-generation station on the Petromidia platform. The investments until now, the implemented business model and the business partnership that will be developed in the future are the necessary factors that help us to be optimistic regarding the continuous growth of the business,” said Zhanat Tussupbekov, CEO KMG International.

Georgiana Bendre

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Newsroom | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue