DOCSLIB.ORG

Annual Report 2017 Summary 01 | Ceo’S Letter 02 | 10 Years of Kmgi in Romania

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2017 Summary 01 | Ceo’S Letter 02 | 10 Years of Kmgi in Romania ANNUAL REPORT 2017 SUMMARY 01 | CEO’S LETTER 02 | 10 YEARS OF KMGI IN ROMANIA 03 | OPERATIONS OVERVIEW In many cultures, the horse is a symbol of raw energy 04 | TIMELINE but also of conquest and expansion. 05 | REFINING AND It symbolizes the power, control and determination PETROCHEMICALS necessary to achieve victory, fame and riches. 06 | TRADING & SUPPLY CHAIN The horse is a universal symbol of freedom without boundaries, of hope and optimism, and it has a special 07 | RETAIL AND MARKETING place in Kazakhs’ hearts and minds, further proof being 08 | INDUSTRIAL SERVICES its presence in the national emblem of Kazakhstan. AND UPSTREAM What better symbol, for our achievements and plans? 09 | SUSTAINABILITY 10 | CORPORATE GOVERNANCE 11 | FINANCE 12 | AUDITOR’S LETTER 3 CEO’S 01 LETTER DEAR STAKEHOLDERS, VEGA REFINERY ALSO RECORDED AN ALL-TIME- human life, including health and well being, culture and HIGH in terms of total feedstock processed, with education, skill development and leadership, or social 2017 marks a special milestone in the evolution of bitumen production rising to 96,400 tons and ecological and environmental stewardship. KMG International as we celebrate 10 years since we solvents consolidating at 41,000 tons. started our journey in the Black Sea region through CURRENTLY, KMG INTERNATIONAL PLAYS AN the acquisition of Rompetrol Group. Our partnership The outstanding results of both refineries were also IMPORTANT CONTRIBUTION TO THE ECONOMIC has yielded increasingly positive results, registering the backed up by an increase in the sales volume of GROWTH OF ROMANIA, being one of the largest historical levels of operational and financial excellence in petroleum products in Romania and in the region. The contributors to Romania’s state budget and among the 2017, proving that the decision of the National Company optimization and efficiency of processing, logistics and country’s main exporters. Moreover, KMG International KazMunayGas back in 2007 to invest in the region has distribution costs, was doubled by the implementation has a significant contribution to Romania’s energy been strategic and very beneficial. of several transformation programs aimed at reducing security by ensuring a diverse supply of crude oil and operational expenses and increasing profitability. thus, reducing vulnerabilities in case of a regional WE ARE IN ROMANIA TO GROW TOGETHER, taking Also, our petrochemicals activity achieved historical level disruptions. our commitments very seriously while understanding the of 198,000 tons processed feedstock. value of the assets we manage and the value added we OUR ROOTS WILL ALWAYS BE IN ROMANIA; bring. OUR RETAIL AND TRADING BUSINESS UNITS therefore, we have the aim of increasing our domestic As a result of investments and the relentless involvement EMBARKED ON A POSITIVE TREND in terms of presence here. At the same time, we will focus on further of our dedicated employees, currently KMGI owns environmental efficiency, with an impressive drop of development and strengthening our presence in retail one of the most complex and productive refineries in 34.2% in power consumption for Rompetrol Gas, the and trading markets around the Black Sea. South Eastern Europe - the Petromidia Refinery. We Group’s LPG trading division and a decrease of 4% in are also the proud owners of the Vega Refinery, the overall consumption for Rompetrol Downstream, KMG Our investments are geared towards building a solid oldest production unit of its kind in Romania and the International’s retail division which includes the Groups foundation for the future and creating long-term value only Romanian producer of polymers, as well as other network of gas stations and warehouses. for the society. We have been building together for niche products which are indispensable for many local over a decade and we look towards our future with industrial companies. Our efforts to protect the safety and health of our responsibility and optimism. employees, contractors and communities are at the WE PUT TOGETHER OUR COMMITMENT AND heart of what we do every day. Lost Time Injuries (LTI) I am proud of my colleagues and confident in their WORKING EFFORTS, focusing towards delivering dropped from 12 to 1 and Loss Time Injury Frequency abilities to deliver industry-leading performance, I am outstanding results because many years from now, we was reduced by over 90%. More than 30,000 hours proud of KMG International’s corporate performance, WE ARE IN ROMANIA TO GROW TOGETHER, want us all to look back with pride and satisfaction at were put into health & safety trainings across the Group and I look forward to building upon our progress to TAKING OUR COMMITMENTS VERY SERIOUSLY what we managed to accomplish. in 2017 alone, and our employees were also provided secure an even stronger future for our company and the WHILE UNDERSTANDING THE VALUE OF THE with the opportunity to attend specific development markets we serve. ASSETS WE MANAGE AND THE VALUE ADDED WE From the financial point of view, our operational result programs adapted to their position level and talent pool BRING. (EBITDA) for 2017 amounted to USD 242 million, which segmentation category. is about 20% above the level recorded in 2016, and nearly triple of that recorded in 2012 (USD 79 million). WE TRANSFORMED PETROMIDIA IN THE MOST At the same time, the net profit increased greatly MODERN REFINERY IN SOUTHEASTERN EUROPE compared to the year 2016, reaching USD 80 million. AND WE SHALL NOT STOP HERE. Zhanat Tusupbekov The exceptional improvement is even more apparent We are committed to remaining trusted partners, while CEO KMG International compared to the USD (-208) million result registered in contributing further to the confident growth of Romania 2012. towards a brighter future. The Group gross turnover for this year amounted to more than USD 9.5 billion, up 36% from the levels recorded in Education, continuous improvement and work-related 2016. skill development are fundamental to a sustainable economic growth, which is why we constantly invest 2017 MARKED SEVERAL HISTORICAL RECORDS in our people and, in return, we are rewarded with FOR THE PETROMIDIA REFINERY, both in terms of dedication, creativity and great achievements, which help processed feedstock volumes and outputs such as fuels KMG International advance towards the future. and other petroleum products - from 3.8 million tons We understand the value of partnering with the in 2007 to 5.66 million tons in 2017 (and up by 5% as communities in which we operate, and our aim is to compared to 2016). contribute to the balanced development of all facets of 4 5 02 | 10 YEARS OF KMGI IN ROMANIA 6 7 10 YEARS OF KMGI 02 IN ROMANIA GENERAL CONTRIBUTION TO THE PROFITABILITY ROMANIAN BUDGET (EBITDA $m) ($m) 300 2.500 242 250 2.000 1940 204 1607 200 1466 162 1.500 1339 1389 1373 1317 1216 140 1101 150 129 991 1096 115 1.000 100 85 69 50 53 47 500 50 0 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 In 2017 KMGI achieved its highest level of operational and financial indicators, a The group’s contribution to the Romanian budget from 2007 onward amounts to over level that has not yet been achieved in the 40 years since the establishment of USD14.8 billion. Rompetrol Refinery is the third largest contributor to the Romanian Rompetrol and the Petromidia Navodari refinery. This level of operational and financial budget. excellence takes place 10 years after the company’s integration into the Kazakhstan’s national oil and gas company KazMunayGas. EXPORTS OF ROMPETROL RAFINARE ($m) INVESTMENTS 2500 ($m) 2087 2000 400 358 1545 1488 1534 350 1500 1414 1297 1339 300 996 1095 250 923 250 220 227 1000 868 188 200 151 500 150 134 111 98 100 82 56 0 50 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 By continually investing in its two refineries, KMG International maintains its position as the biggest exporter of oil products and one of the biggest exporters from The total value of the investments performed between 2007-2017 is approximately Romania. 1.9 bn USD. 8 9 10 YEARS OF KMGI 02 IN ROMANIA OPERATIONAL PETROMIDIA - TOTAL FEEDSTOCK PETROCHEMICALS - TOTAL FEEDSTOCK (tons) (tons) 6.000.000 250.000 5.000.000 200.000 4.000.000 150.000 3.000.000 100.000 2.000.000 50.000 1.000.000 162000 197000 186000 150000 188000 143000 134000 149000 142000 150000 147000 3827379 4394405 4033045 3507488 3896516 4047346 4181620 5053098 4949653 5407928 5662487 0 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Petromidia’s results significantly improved due to investments of more than $1 billion since its acquisition by KMGI. What contributed massively to the development of this branch was good integration with the Petromidia refinery that supplies the entire quantity of polypropylene, investments in the modernization of installations and, most of all, the diversification of varieties to cover the latest applications. VEGA - TOTAL FEEDSTOCK (tons) 400.000 SNAPSHOTS OF 350.000 THE COMPANY’S ACTIVITY 300.000 250.000 200.000 Total value of Contribution to the Direct and indirect 150.000 sustainability projects Romanian energy jobs generated in since 2007 (m$) security: Romania 100.000 50.000 268443 298935 316626 309242 336646 305171 240553 308952 328746 354306 372954 11 43% 15.500 0 Rompetrol Rafinare currently accounts for over 43% of Romania’s domestic refining capacity 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Vega has evolved from a classic refining unit to a producer and supplier of special products obtained exclusively from blanks supplied by Petromidia.
Load more

Recommended publications
  • Considerations Regarding Management Optimization
    “Mircea cel Batran” Naval Academy Scientific Bulletin, Volume XV – 2012 – Issue 2 Published by “Mircea cel Batran” Naval Academy Press, Constanta, Romania COMERCIAL TRADING OF LIQUID CARGO THROUGH PORT OF MIDIA Viorel FLORESCU1 Alecu TOMA, 2 1 University assistant, Nautical Science Department, “Mircea Cel Batran” Naval Academy 2 Lecturer, PhD, Nautical Science Department, “Mircea Cel Batran” Naval Academy Abstract: Port of Midia, the second large port on the Romanian Black Sea litoral, has been projected to accommodate the Oceanic Fishing Fleet and to manipulate liquid cargo (petrochimical products) and Life Stock. Except the „traditional ways of transport „ on the road and rail way”, Port of Midia is the gate for the Poarta Alba – Midia- Navodari canal which connects the Black Sea with Danube River. Industry evolution in the last 30 years has imposed changing of the harbour logistics and facilities in order to respond and to face the new challenges. Today, in the Port of Midia, the main categories of cargo operated are: Crude oil, Clean Refined Products, GPL , Scrap Iron and Life stock. The increment of the refining capacity of the petrochimical industry, has imposed the need of finding new solutions for higher eficiency of the liquid cargo handling through port of Midia. In order to export bigger quantities of clean products the port logistics and facilities will have to be reconsidered, the navigating chanel will have to be enlarged so that the oil tankers that will be accommodated by the Midia Harbor to be higher than 10.000 tdw. Same thing can be achieved with a specialized white product SPM installed off port limit.
    [Show full text]
  • ROMANIA National Report
    Romanian Maritime Hydrographic Directorate ROMANIA National Report MEDITERRANEAN AND BLACK SEAS HYDROGRAPHIC COMMISSION 21st CONFERENCE Cadiz, SPAIN 11 - 13 June 2019 Content 1. SURVEYS 2. CHARTS 3. NAUTICAL PUBLICATIONS 4. MARITIME SAFETY INFORMATION (MSI) 5. CAPACITY BUILDING 6. OCEANOGRAPHIC ACTIVITIES 7. OTHER ACTIVITIES MEDITERRANEAN AND BLACK SEAS HYDROGRAPHIC COMMISSION 21st CONFERENCE 1. Surveys In 2018 we have performed the following surveys: Hydrographic surveys, in order to update the national database in the following areas: - Eforie North; - Constanta North; - Vadu; - St. Gheorghe; - Sulina. Topographic survey of the entire Romanian coastline (yearly activity). Hydrographic and oceanographic surveys for military harbors from Danube River and Black Sea; UXO surveys in the Black sea and on the Danube River; Hydrographic surveys were executed in the coastal area up to the 20 m bathymetric and at this time we have completed up to 40% of the Romanian coast. Romanian Maritime Hydrographic Directorate 3 MEDITERRANEAN AND BLACK SEAS HYDROGRAPHIC COMMISSION 21st CONFERENCE 1. Surveys Hydrographic Ship “Al. Catuneanu” Survey launch “Al. Catuneanu 2” Survey launch “Hidrografica 3” We also started the procedures in order to change: the survey equipment for the Romanian Hydrographic ship - we will update it with a deep sea multibeam system; update the tide gauge system with 3 new systems; the RTK network with 3 new portable RTK base stationes. New ship: This year we will finalize the procedures in order to acquire 2 new survey platforms that will be fitted with hydrographic and oceanographic equipment (single beam, multibeam, ADCP, SVP probe, CTD). Romanian Maritime Hydrographic Directorate 4 MEDITERRANEAN AND BLACK SEAS HYDROGRAPHIC COMMISSION 21st CONFERENCE 2.
    [Show full text]
  • Implementation of Offshore Wind Turbines to Reduce Air Pollution In
    Journal of Marine Science and Engineering Article Implementation of Offshore Wind Turbines to Reduce Air Pollution in Coastal Areas—Case Study Constanta Harbour in the Black Sea Alina Beatrice Raileanu 1,2 , Florin Onea 1 and Eugen Rusu 1,* 1 Department of Mechanical Engineering, Faculty of Engineering, Dunarea de Jos University of Galati, 47 Domneasca Street, 800008 Galati, Romania; [email protected] (A.B.R.); fl[email protected] (F.O.) 2 Danubius International Business School, 3 Galati Street, Danubius University, 800654 Galati, Romania * Correspondence: [email protected] Received: 1 July 2020; Accepted: 22 July 2020; Published: 23 July 2020 Abstract: Considering the current concerns regarding the level of air pollution from the Black Sea area, the aim of the present work is to establish whether a cold ironing project that involves the use of the wind resources from the port of Constanta (Romania) could become a reality. The regional and local wind resources measured at a height of 100 m above sea level were assessed by taking into account 20 years (2000–2019) of ERA5 wind data. The wind speed significantly increases as we move towards the offshore areas, with the wind Class C7 reporting a maximum of 41%. By combining the annual electricity production with the emissions associated with the port activities, it was possible to show that at least 385 turbines (each rated at eight MW) will be required to cover the electricity demand for this port. The present study has found it difficult to implement such a project based only on the available wind resources and has identified that more likely a mixed project that involves some other resources will be more appropriate.
    [Show full text]
  • In Constanta Port (Constanta, Midia, Mangalia) WP5 Portaferent Development Proiectului ,,Daphne - Activity 5.3
    Danube Ports Network D 5.3.5 Prefeasibility Study for Port Community System (PCS) in Constanta Port (Constanta, Midia, Mangalia) WP5 Portaferent Development proiectului ,,DAPhNE - Activity 5.3. PortDanube IT Community PortsSystem Network” PP:Maritime Port Administration Constanta Date:(Programul 10/12/2018 Transnaţional Duna rea 2014Version: 12 –final 2020) ) Project co-funded by European Union funds (ERDF, IPA) 1 Document History Version Date Authorised 1.0 09.11.2018 1.1 26.11.2018 1.2 10.12.2018 Contributing Authors Name Organisation Email Gabriel Raicu CMU [email protected] Remus Zăgan CMU [email protected] Acomi Nicoleta CMU [email protected] Vasile Draghici CMU [email protected] Liviu Danilă CMU [email protected] PCS Technical Specification Overview Project co-funded by European Union funds (ERDF, IPA) 2 Table of Contents A. Written Components Table of Contents ........................................................................................................................ 2 1 General information on the investment objective ........................................................... 5 1.1 Name of the investment objective ............................................................................... 5 1.2 The main financing authority ....................................................................................... 5 1.3 Contracting authority /investor .................................................................................... 5 1.4 Beneficiary of the investment .....................................................................................
    [Show full text]
  • Economic Impact Assessment
    PREPARED BY THE BUCHAREST UNIVERSITY OF ECONOMIC STUDIES KMG International Economic Impact Assessment Executive Summary 4 About KMGI 8 Contribution to Energy Security 14 Economic Impact 22 Support to Communities 28 Appendices 33 Executive Summary 6 KMG INTERNATIONAL - ECONOMIC IMPACT ASSESSMENT NC “KazMunayGas” JSC (KMG) is the the Strategy acknowledges a high dependency of EU’s refining industry of Russian crude oil, as well national operator for exploration, as increased challenges of the EU refining sector to production, refining and transportation remain competitive, a fact which is evidenced by the of hydrocarbons in Kazakhstan, with reduction in refining capacity and foreign investment. operations in Europe and Central Asia. Competitiveness and sustainability of the refining industry and reducing dependency of crude suppliers by diversification of crude sources become of outmost importance to ensure secured and sustainable supply, KMG entered the Romanian market in 2007, through as well as affordable market prices for fuel products. the acquisition of Rompetrol Group N.V, later renamed into KMG International N.V. In Romania, the oil & gas industry has known an explosive growth between 1960 and 1980, when As of December 2015, KMG International (KMGI) five major refineries were built. These resulted in a comprises 55 entities, headquartered in 16 countries processing capacity which exceeded the national (i.e. Romania, The Netherlands, Kazakhstan, consumption and production of crude oil. As such, Switzerland, Bulgaria, Republic of Moldova, Georgia, the industry was heavily dependent on the import of Turkey, Ukraine, France, Spain, Singapore, Libya, Iraq, crude, from OPEC members and Russia, and on the Oman, Gibraltar). export of refined products on external markets, which KMGI’s activities include trading of crude oil, oil were however dominated by integrated international refining, retail and marketing of oil products in players.
    [Show full text]
  • Romania National Report
    MEDITERRANEAN AND BLACK SEAS HYDROGRAPHIC COMMISSION 21st CONFERENCE ROMANIA NATIONAL REPORT Approved by: HEAD OF MARITIME HYDROGRAPHIC DIRECTORATE Captain (PhD) Nicolae VATU Prepared by: Lieutenant(Navy) Radian Trufasu MARITIME HYDROGRAPHIC DIRECTORATE No.1 Fulgerului Street, Constanta, 900218, Romania TEL/FAX: + 40 241 513 065 TEL: + 40 241 651 040 E-mail: [email protected] Web: www.dhmfn.ro Cadiz, SPAIN 11 - 13 June 2019 21st CONFERENCE of MEDITERRANEAN AND BLACK SEAS HYDROGRAPHIC COMMISSION 11 - 13 June 2019, Cadiz, SPAIN Page left intentionally blank 2 21st CONFERENCE of MEDITERRANEAN AND BLACK SEAS HYDROGRAPHIC COMMISSION 11 - 13 June 2019, Cadiz, SPAIN AGENDA: Page No. 1. HYDROGRAPHIC OFFICE … 4 2. SURVEYS … 4 Coverage of new surveys … 4 Survey platforms and equipments … 5 New technologies and /or equipment … 6 New ship … 7 3. CHARTS … 7 ENCs … 7 RNCs … 9 INT Paper Charts … 9 National Paper Charts … 10 Special Naval Charts … 12 Cartographic Production … 12 4. NAUTICAL PUBLICATIONS … 13 MHD Official Nautical Publications … 13 New Publication/Edition Of Nautical Publications … 14 5. MARITIME SAFETY INFORMATION (MSI) … 14 Existing infrastructure for transmission … 14 NAVTEX … 14 NAVAREA Contact Information … 17 MSI Equipment … 17 New infrastructure in accordance with GMDSS Master Plan … 17 Problems encountered … 17 6. CAPACITY BUILDING … 17 Training received through capacity building program … 17 Training received outside the capacity building program: … 18 Training needed … 18 7. OCEANOGRAPHIC ACTIVITIES … 19 8. OTHER ACTIVITIES … 19 9. CONCLUSIONS … 21 3 21st CONFERENCE of MEDITERRANEAN AND BLACK SEAS HYDROGRAPHIC COMMISSION 11 - 13 June 2019, Cadiz, SPAIN 1. HYDROGRAPHIC OFFICE According to the Law no 395/2004, Romanian Maritime Hydrographic Directorate is the national authority in the field of hydrography and marine cartography.
    [Show full text]
  • ROMANIA - Maritime Hydrographic Directorate
    ROMANIA - Maritime Hydrographic Directorate The following paper charts are recommended as a back-up arrangement when using a single ECDIS or when maneuvering in an area not covered with ENCs: Chart National INT South Limit West Limit North Limit East Limit Scale Chart title Edition type number Number º ' " N º ' " E º ' " N º ' " E Black Sea 1.750.01 1:750000 40 46 00 N 27 34 00 E 46 56 00 N 33 44 00 E 2009 West Part Black Sea 1.750.02 1:750000 40 50 00 N 33 17 00 E 45 11 00 N 41 55 00 E 2009 East Part Black Sea 1.500.01 1:500000 43 53 00 N 28 00 00 E 46 40 00 N 33 44 00 E 2009 From Constanţa to Sevastopol General Charts Black Sea 1.500.06 1:500000 41 00 00 N 27 25 00 E 45 10 00 N 31 30 00 E 2009 From Eregli to Sulina Black Sea 1.300.01 INT 3820 1:300000 43 14 30 N 28 17 00 E 45 46 30 N 30 40 00 E 2014 From Nos Kaliakra to Danube Delta Black Sea From Nos Kaliakra to Chilia Branch Insets: 1.250.01 1:250000 43 20 00 N 28 17 00 E 45 22 00 N 30 18 00 E 2014 Port of Mangalia Coastal Coastal Charts Port of Constanţa Port of Midia Black Sea. Romanian Coast. 1.050.01 1:50000 43 44 00 N 28 32 00 E 44 01 06 N 29 06 42 E 2009 From Vama Veche to Tuzla Cape.
    [Show full text]
  • Logistics Processes and Motorways of the Sea II
    Logistics Processes and Motorways of the Sea II ENPI 2011 / 264 459 Номер контракта ENPI 2011 / 264 459 Logistics Processes Processes and Motorways and of the Motorways Sea II of the Sea II in Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Moldova, in Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, Ukraine, Uzbekistan Tajikistan, Turkmenistan, Ukraine, Uzbekistan Inception Report – Annex 4 Progress Report II – Annex 5 Action Plans TRACECA Inland Waterways – Danube Case Study July 2011 April 2012 This project is funded by A project implemented by the European Union Egis International / Dornier Consulting A project implemented by This project is funded by Egis International / Dornier Consulting the European Union Progress Report II Annex 5 – Danube Case Study Page 1 of 127 Logistics Processes and Motorways of the Sea II TABLE OF CONTENTS 1 INTRODUCTION ................................................................................................................................... 9 2 GENERAL PERSPECTIVE FOR EXPLOITING TRACECA INLAND WATERWAYS ...................... 12 3 EUROPEAN POLICY ......................................................................................................................... 14 4 ORGANIZATION SECTOR ................................................................................................................ 17 4.1 THE DANUBE COMMISSION ............................................................................................................ 17 4.2 NATIONAL
    [Show full text]
  • Rompetrol Rafinare – Petromidia Petromidia Site
    The Rompetrol Group Refining Business Unit Looking into the future Refining Business Unit: Looking into the future CONTENTS Refining Business Unit Role Rompetrol Rafinare – Petromidia Petromidia Site Petromidia Refinery: Status Report Current Status & Achievements Reasons for Investments Petromidia Refinery: Investments Background Package Outlooks REFINING BUSINESS UNIT Role WE ARE PART OF SOMETHING SPECIAL Rompetrol Refining is the core business of The Rompetrol Group. We are processing the highest netback crudes or feedstock available and producing We want to be the most valuable products to be sold by other BUs, part of TRG. efficient, effective and innovative refining system in South Central Europe WE FUNCTION AS A COMPLEX MACHINERY Our BU is comprised of three performance units; Petromidia, Vega and Petrochemicals. WE HAVE CONTINUOUSLY GROWN AND IMPROVED OUR PERFORMANCE We have a responsibility We continue to improve our future by investing in the towards the people, local present. communities and environment WE STRIVE FOR EXCELLENCE We are building high ethics and principles for our business. REFINING BUSINESS UNIT Rompetrol Rafinare - Petromidia PRODUCTS & CAPACITY 100.000 BPSD (5 million t/year). Based on crude oil & products market conditions and analyses of financial indicator, refinery is operated at 3.8-4.2 mln t/y. Produces: LPG, gasoline, jet, gasoil, fuel oil, coke, sulfur. UNIQUE LOCATION Petromidia is the only Romanian refinery located at the Black Sea shore thus having the advantage of being supplied directly through the oil terminal located in the Port of Midia. Fully integrated in environmental layout, with respect for healthy air, water, soil. REFINING BUSINESS UNIT Rompetrol Rafinare - Petromidia PERFORMANCE It has the highest white products yield in the region (84%) and a Nelson Complexity Index of 8.3.
    [Show full text]
  • Social Dialogue in the Port Sector in Romaniapdf
    Strengthening Social Dialogue in the Process of Structural Adjustment and Private Sector Participation in Ports TIMETABLE OF NATIONAL TRIPARTITE WORKSHOP – ConstanŃa, Romania 22 – 26 June 2009 MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY Arrival and registration of participants 9:00 Representation of the Social EU Ports Policy: Partners and Interest Making Social Implementing Social Introduction: Workshop Programme Contemporary and Participants’ Presentations 9:00 Representation in Participants’ Dialogue Work Dialogue Developments 9:15 Ports Marios Meletiou/Peter Peter Turnbull Peter Turnbull Peter Turnbull Turnbull/Participants Peter Turnbull/Participants 10:15 Arrival of guests 10:20 Tea/coffee-break Tea/coffee-break Tea/coffee-break Tea/coffee-break 10:30 Opening Session Social Dialogue in ILO Model of Social 11:00 Tea/coffee-break National Port Monitoring and Evaluating the Situations of Structural Dialogue Developments Process of Social Dialogue 10:40 Change The ILO’s Social Dialogue Peter Turnbull / 11:20 Programme Local Expert(s) Peter Turnbull Peter Turnbull Marios Meletiou Cristina Mihes 12:30 Lunch break Lunch break Lunch break Lunch break Lunch break ILO Activities in the Ports Sector 14:00 Private Sector Marios Meletiou Stakeholder Planning for Social Mobilizing the Resources Participation (PSP) in Presentations: Dialogue Needed for Social Dialogue 14:00 European Ports The History of Social Dialogue FEPORT, ETF Peter Turnbull Peter Turnbull 14:40 in Ports Peter Turnbull Peter Turnbull 15:20 Tea/coffee-break 15:20 Tea/coffee-break
    [Show full text]
  • Study Regarding the Increment of Liquid Cargo Transfer Through Port of Midia Specialized Berths
    “Mircea cel Batran” Naval Academy Scientific Bulletin, Volume XVI – 2013 – Issue 2 Published by “Mircea cel Batran” Naval Academy Press, Constanta, Romania STUDY REGARDING THE INCREMENT OF LIQUID CARGO TRANSFER THROUGH PORT OF MIDIA SPECIALIZED BERTHS Viorel FLORESCU1 Sergiu LUPU2 Naval Academy, Constanta, Romania Abstract: The continuous development of Petromidia refinery requires new technologies and logistics to be used beginig with 2012 in order to increase the refining capacity with more that 1 million tons of crude oil per year. A new Oil Terminal consisting in an Off Shore Single Point Mooring (SPM) has been builded off Port of Midia limits, terminal that facilitate the import of the necessary crude oil quantity for the refinery reducing the handling costs and minimalising losses. Considering that Port of Midia has been projected to accommodate ships of max 10.000 tdw, measures will have to be taken in order to create the posibility to export larger quantities of liquid products. New specialized berths will have to be builded or the actual configuration of the port basin will have to be changed. This paper is presenting few solutions for the above mentioned points. Key words: Port of Midia, liquid products, berths, dredging 1. INTRODUCTION deploying their businesses inside the romanian ports being The second larger Romanian port on the coast liable for their assets. of Black Sea, Port of Midia, has been conceived stricltly to Prezently the Midia Marine Terminal operator is serve the industrial purposes of the former petrochemical carrying out its work ar berths no 1-4, 9A, 9B and 9C. combinat Midia –Navodari.
    [Show full text]