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

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