Acasă » Oil&Gas » Processing » Net income declined (23%) in Rompetrol Rafinare, while the operating profit climbed by 62%

Net income declined (23%) in Rompetrol Rafinare, while the operating profit climbed by 62%

16 February 2017

Depressed prices for oil products impacted seriously the net profit made in 2016 by Rompetrol Rafinare, a company member of KMG International. The gross turnover declined by 7% (to 3.56 bln dollars), even though the quantity of raw material processed by the Petromidia refinery amounted to 15,700 tones/day, higher by 9% as compared to 2015, he production of car gas increased to 1.25 million tones, while the Diesel gas production amounted to 2.52 million tones in 2016, thus marking historical production records for these categories of products.

The consolidated operational result EBITDA amounted to USD 182.5 million in 2016, higher by 62% as compared to 2015.

In 2016, the Petromidia refinery registered a historical level of processed raw material, of 5.4 million tones/year, given the improvement of the energetic intensity index and the cutting of processing costs to the lowest level in the last 10 years, of USD 16.7/tone. Also, the Vega refinery produced the highest annual quantity of bitumen of 91,000 tones, being the only producer in the country.”, as the general manager of Rompetrol Rafinare, Yedil Utekov, stated.

Rompetrol Rafinare SA exported in 2016, through the refinery and petrochemistry divisions, a total quantity of products of 2.5 million tones, higher by 3.7% as compared to 2015, mainly to the partners in the Black Sea region. The company is the biggest exporter of oil products of Romania and the second exporter at a national level.

The net consolidated profit made by Rompetrol Rafinare in 2016 reached the level of USD 49.8 million, indicator negatively influenced by the evolution of international quotations for oil products, marking a decrease 23%.

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