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{{Short description|Romanian oil company}}
{{Multiple issues|
{{overly detailed|date=February 2016}}
{{overly detailed|date=February 2016}}
{{refimprove|date=February 2016}}
{{more citations needed|date=February 2016}}
}}
{{Use dmy dates|date=June 2022}}
{{Infobox company
{{Infobox company
| name = KMG International
| name = KMG International
| logo = [[File:KMG International logo.png|logo KMG International]]
| logo = [[File:KMG International logo.png|logo KMG International|200px]]
| type = [[Joint-stock company]]
[[File:Logo-Rompetrol KMG colored approved.jpg|logo Rompetrol KMG]]
| traded_as = {{BVB|RRC}} {{BVB|PTR}} {{LSE|0JK8}} {{LSE|0IZW}}
| type = [[Stock Company]]
| industry = [[Oil and gas]]
| traded_as = {{BSE|RRC}} {{BSE|PTR}} {{LSE|0JK8}} {{LSE|0IZW}}
| foundation = 1974
| industry = [[Oil and gas]]
| location = {{nowrap|[[Bucharest]], [[Romania]] (corporate headquarters)}}<br />{{nowrap|[[Amsterdam]], [[Netherlands]] (registered office)}}
| company_slogan = “Getting further!”
| key_people = Ilyas Kuldzhanov (Chief Executive Officer)
| foundation = 1974
| num_employees = 7,100 (2015)
| location = {{nowrap|[[Bucharest]], [[Romania]] (corporate headquarters)}}<br />{{nowrap|[[Amsterdam]], [[Netherlands]] (registered office)}}
| parent = [[KazMunayGas]]
| key_people =Zhanat Tussupbekov (Chief Executive Officer) Azamat Zhangulov (Senior Vice President) Catalin Dumitru (Vice President)
| products = Fuels (Efix, EfixS), LPG Oils, Additives and Auto cosmetics, Lubricants, Services (Fill&Go, Hei), Filling stations (Rompetrol, Rompetrol Express, Rompetrol Partner)
| num_employees = 7,100 (2015)
| revenue = {{Increase}} US$ 13.6&nbsp;billion (2014)
| contribution to Romanian State budget(2014) = US$ 1.94 billion
| homepage = {{URL|www.kmginternational.com}}
| parent = [[KazMunayGas]]
}}
| products = Fuels (Efix, EfixS), LPG Oils, Additives and Auto cosmetics, Lubricants, Services (Fill&Go, Hei), Filling stations (Rompetrol, Rompetrol Express, Rompetrol Partner)
| revenue = {{Increase}} US$ 13.6&nbsp;billion (2014)
| homepage = {{URL|www.rompetrol.com}} {{URL|www.kmginternational.com}}}}
'''KMG International N.V.''' (formerly known as The Rompetrol Group N.V.) is an international [[petroleum|oil]] company with operations in 15 countries throughout [[Europe]], [[Central Asia]] and [[North Africa]]. The group is active primarily in refining, marketing and trading, with additional operations in exploration and production, and other oil industry services such as drilling, [[Engineering, procurement, and construction management|EPCM]], and transportation.
'''KMG International N.V.''' (formerly known as The Rompetrol Group N.V.) is an international [[petroleum|oil]] company with operations in 15 countries throughout [[Europe]], [[Central Asia]] and [[North Africa]]. The group is active primarily in refining, marketing and trading, with additional operations in exploration and production, and other oil industry services such as drilling, [[Engineering, procurement, and construction management|EPCM]], and transportation.
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KMG International owns the largest and most modern refinery in Romania and the Black Sea region – [[Petromidia Refinery|Petromidia]] Navodari – which boasts a processing capacity of over five million tons per year.
KMG International owns the largest and most modern refinery in Romania and the Black Sea region – [[Petromidia Refinery|Petromidia]] Navodari – which boasts a processing capacity of over five million tons per year.


The company’s retail network that operates under the “Rompetrol” brand incorporates over 1000 fuel distribution points in Romania, Georgia, Bulgaria and Moldova.
The company's retail network that operates under the "Rompetrol" brand incorporates over 1000 fuel distribution points in Romania, Georgia, Bulgaria and Moldova.


As of 2010, the group is entirely owned by NC KazMunayGas JSC, the national petroleum company of the Republic of Kazakhstan, in turn controlled by the NWF Samruk Kazyna JSC.
As of 2010, the group is entirely owned by National Company [[KazMunayGas]] JSC, the national petroleum company of the [[Republic of Kazakhstan]], in turn controlled by the National Welfare Fund [[Samruk-Kazyna]] JSC.

The company employs over 7100 people worldwide, of which around 6,000 in its „home market”, [[Romania]].


The company employs over 7100 people worldwide, of which around 6,000 in [[Romania]].


Starting 2014, KMG International implemented a new strategy to consolidate and develop the activities and operations of the group in [[Romania]] and [[Southeast Europe|South-Eastern Europe]].
Starting 2014, KMG International implemented a new strategy to consolidate and develop the activities and operations of the group in [[Romania]] and [[Southeast Europe|South-Eastern Europe]].

==Divisions==
===Refining and Petrochemicals===
====Rompetrol Rafinare (Petromidia)====

[[Petromidia Refinery|Petromidia]] is the biggest refinery in [[Romania]] and one of the most efficient medium-sized refineries in [[Southeast Europe|South-Eastern Europe]], accounting for more than 40% of the actual refining capacity of Romania. It has a Nelson complexity index of 10.5, following a large investment program of USD 380 million that began in 2006 and ended in 2012. Petromidia is the only one located by the Black Sea shore, supplied directly through the Midia Marine Terminal, located 8,6 km in Midia Port. Petromidia is also the first Romanian refinery to successfully align to European environmental regulations and fuel standards. Rompetrol Rafinare reached a historical record in 2014 in terms of the volume of processed feedstock, of over 5 million tons. Since its foundation, in 1979, Petromidia refinery has processed 100 million tons of feedstock. Historical records reached by the company in 2014 include the volume of diesel produced - 2.46 million tons, while Yields reached 48.8% for diesel and 85.7% for white products. The processing cost was lowered to 21.2 USD/ton. Rompetrol Rafinare exports reached over 2 billion USD in 2014 (1.7 billion USD in 2013,1.7 billion USD in 2012), ranking first among the country’s largest petroleum products exporters and second at national level. The company continued to be an important contributor to the Romanian state budget, paying over 1.8 billion USD by the end of the year, 28% more than in 2013 (1.4 billion USD). The overall value of investments in Petromidia platform reached 1.4 billion USD between 2007 (when the first 75% stake was acquired by KazMunayGas) and 2014.

====Rompetrol Rafinare (Vega)====

With 100 years experience in the field of crude oil refining, Vega Refinery is also operated  by Rompetrol Rafinare, having evolved from a classical refinery to a producer and provider of special products and solutions: ecologic solvents, heating fuels, special purpose bitumen etc. Vega refinery processed over 300 thousand tons of feedstock in 2014, an increase by 28% compared to the previous year (over 240 thousand tons). Vega refinery is a producer and provider of special products and the only Romanian producer of naphtha and n-hexane in central and Eastern Europe. 

==== Petrochemical Division ====

The Petrochemical Division of Rompetrol Rafinare is the only producer of polymers in Romania, polypropylene and polyethylene of low and high density. The quality and diversity of the products, the position of distribution/delivery routes, the technical assistance, made the Petrochemical Division of Rompetrol Rafinare a trustful partner in Romania and in the Black Sea region. The production capacity of the company exceeds 200,000 tons per year. It also operates a marine terminal for ethylene discharge and a cryogenic tank with a storage capacity of 10,000 tons. The integration of the petrochemical operations within Rompetrol Rafinare started at the beginning of 2014. The reason of integrating petrochemical activity within Rompetrol Rafinare was the optimization of the entire technological process and the concentration of all operations in a single company, simplifying the organizational structure. 

===Supply Chain Management and Trading===
====KMG Trading====
KMG Trading AG (formerly Vector Energy) is specialized in crude supply and products sales within KMG International. KMG Trading AG is in charge of selling [[crude oil]] and [[Petroleum|oil]] products but also of developing the logistics required by KazMunayGas for its own needs and for the development of commercial operations and access to new markets. It also manages the product stocks in the refining and retail divisions and is in charge of streamlining the fuel sales operations to the Group’s subsidiaries (Bulgaria, Moldova, Georgia, Ukraine), as well as for the non-Group companies in the Black Sea region. In Romania, the trading activity is efficiently handled by Midia Marine Terminal and Byron Shipping.  

==== Byron Shipping ====
Byron Shipping is a transport agency for maritime and river ships, undergoing its activity both in [[Port of Midia|Midia]] and [[Constanța|Constanta]] Ports and providing significant support for the trading activities of the Group for over 7 years.

==== Midia Marine Terminal ====
Midia Marine Terminal secures the presence of NC KazMunayGas JSC and KazMunayGas International in the geographic arch that connects the [[Caspian Sea]] ([[Kazakhstan]], [[Georgia (country)|Georgia]]) and the [[Black Sea]] ([[Ukraine]], [[Moldova]], [[Romania]], [[Bulgaria]]). It operates the maritime terminal of the Group and also its berths no 1-4 (for oil transit) and no 9-9A, 9B and 9C (for products transit) in the Midia port. The off shore terminal is one of the most important projects for the development of the trading activity. Built in 2008, 8.6 km out in the Black Sea, the terminal has a capacity of 24 million tons/year and it receives vessels up to 160,000 tons deadweight. It is linked to the refinery tank farm with a storage capacity approximately 500,000 cubic meters. The main benefits consist in providing a shorter transit route of about 33 kilometers than through [[Constanța|Constanta]] port, thus providing significant cost reductions.

==== Rompetrol Turkey ====
Rompetrol Turkey is a subsidiary of KMG International established in 2011 with the goal of expanding operations into new markets with high potential. The activity of the subsidiary consists firstly in developing trading and wholesale operations.

===Retail===
* Rompetrol Downstream (Romania)
* Rompetrol Gas (Romania)
* Rompetrol Moldova
* Rompetrol Bulgaria
* Rompetrol Georgia

Retail is one of the KMG International core activities, adding value to the refining and trading activities. In [[Europe]], the group’s distribution network consists of more than 1000 points of sale distributed across 6 countries, each operated by separate commercial entities: Romania (Rompetrol Downstream, Rompetrol Gas), Republic of Moldova (Rompetrol Moldova), Bulgaria (Rompetrol Bulgaria), Georgia (Rompetrol Georgia). The group increased its distribution chain from 54 to 1000 points in 6 countries over the past decade and rebranded existing stations to a new concept that sets a new quality for the Rompetrol brand.

====Rompetrol Downstream (Romania)====

The Romanian retail segment is handled by Rompetrol Downstream ([[gasoline]] and [[Diesel fuel|diesel]]) and Rompetrol Gas ([[Liquefied petroleum gas|LPG]]). In Romania, the company operates over 740 fuel distribution stations namely own filling stations, Rompetrol Partner stations, Expres mobile stations and 9 and 20 m<sup>3</sup> Fill&Go Fixed Units. The company launched in 2013 a new concept of gas stations,  characterized by changing components of visual identity (Rompetrol logo), by a distinct ambient, which includes a modern architecture and a reorganization of the interior space, quality of materials and high-end details. In 2014 the company rebranded 90 stations and the process will be completed in 2015. Rompetrol Downstream has always developed specific products able to meet the proximity-related needs, therefore the local distribution infrastructure enlarged rapidly. It established partnerships with a series of independent filling stations all over the country developing Rompetrol Partner network. Due to the investment in retail visual identity branding and installations, these filling stations are now equipped with modern devices and pumps according to the group’s standards, and only deliver fuel produced by the Petromidia Refinery. To cover rural areas, the company started to install Expres mobile stations and then developed the Fill&Go Fixed Unit concept, tanks of 9 cm and 20 cm installed on the premises of car-fleet owning companies. As for the services, Rompetrol Downstream launched Fill&Go, the first on-site identification card, with monthly payment, offered exclusively by KMG International. Rompetrol Downstream also coordinates the activity of 7 warehouses located strategically in [[Arad, Romania|Arad,]] [[Craiova]], [[Mogoșoaia|Mogoşoaia]], [[Șimleu Silvaniei|Şimleul Silvaniei]], [[Vatra Dornei]], [[Onești|Onesti]] and [[Zărnești|Zărneşti]], ensuring the fuel distribution flow nationwide. Today, the Group’s local and European consolidation and development strategy is supported by the exclusive production of Euro 5 fuels in the [[Petromidia Refinery]], together with the fuel distribution logistic facilities.

===Upstream===

'''Rompetrol S.A.''' coordinates drilling, well services and exploration and production operations of KMG International in [[Romania]] and abroad ([[Kazakhstan]], [[Libya]]). Local exploration and production activities include several oil fields across Romania (five blocks: [[Focșani|Focsani]], [[Zegujani]], [[Satu Mare]], [[Gresu]] and [[Nereju]]).

'''Rompetrol Well Services''' (BSE: PTR) is one of the leading companies on this specific market segment in Romania, offering a wide range of services for oil and gas wells, including cementing, consolidation and sand control services, stimulations, testing, slick-line, and casing running operations. The company also operates in Eastern Europe and Central Asia. Moreover, it oversees all ongoing projects from its headquarters in [[Ploiești|Ploiesti]], Romania, providing technical support to 13 locations in [[Romania]], [[Kazakhstan]] and [[Bulgaria]]. The overseas activity was strongly influenced by the collaboration between the Kazakhstan branch of Rompetrol Well Services and KMG E&P for their upstream operations in the western Kazakh regions of [[Mangystau Region|Mangistau]] and [[Atyrau Region|Atyrau]].

===Industrial Services===

====Rominserv====

Rominserv is the first Romanian company integrating industrial maintenance services, industrial project management, and technical & technology development services. Based on the experience on the Petromidia platform, Rominserv also offers consulting services to the three refineries in Kazakhstan. Moreover, in 2013, Rominserv signed an EPC contract for the reconstruction of one of the three refineries, [[Pavlodar]] petrochemical plant. The contract exceeds 1 bln. USD.

====Rompetrol Quality Control====

Laboratory Division of KMG International, Rompetrol Quality Control – RQC, is one of the top companies on the national market of laboratory analyses. Since its establishment in 2004, RQC granted an ongoing support to its customers (both KMG International companies and external customers) efforts in identifying and implementing the safest and effective ways in order to protect the environment and provide the high product quality.  

== CSR activity ==
[[Corporate social responsibility|CSR]] is a strategic development direction, ensuring business success through active and continuous responsible actions taken within the workplace, market place, community and towards the environment. The group has taken a two-sided approach to its CSR efforts, focusing on both internal and external CSR activities.

'''Internal''' '''CSR'''
* '''<nowiki/>'''Work Health
* Work Safety
* Personnel Training
* Personnel Policy
* Quality Management
'''External''' '''CSR'''
* Environment Preservation
* CSR Programs and Partnerships
'''Environment''' '''Preservation'''

KMG International carries out environment protection measures in full conformity with the requirements of national and [[European Union|EU]] environment legislation. The commitments and measures adopted by the Group maintain and improve the environmental impact in the vicinity of Petromidia refinery, located nearby sensitive areas such as the Black Sea, Sutghiol Lake, the Danube Delta Biosphere Reservation, as well as the cities of [[Năvodari|Navodari]], [[Constanța|Constanta]] and [[Corbu, Constanța|Corbu]] village. One of the environmental projects of Rompetrol Rafinare which aims at preserving the [[Danube Delta]] Biosphere consisted in the rehabilitation of the drainage system to protect groundwater, [[Lake Siutghiol|Siutghiol Lake]] and the [[Black Sea]]. Since 2008, KMG International has been a member of CONCAWE (Conservation of Clean Air and Water in Europe), an organization founded in 1963, that researches multiple aspects of environmental protection in the oil industry. Once affiliated to CONCAWE, all of the Group’s member-companies benefit from assistance in order to help them comply with the European REACH Regulation (Registration, Evaluation, Authorization and Restriction of Chemicals). All companies, members of KMG International, maintained their Germanischer Lloyd certifications for their integrated management systems (ISO 9001:2008, ISO 14001:2004 and OHSAS 18001:2007).

'''CSR Programs and''' '''Partnerships'''
* "Impreuna pentru Fiecare" national program
* [[SMURD]]
* Ovidiu Ro Association
* [[George Enescu Festival|George Enescu International Festival]] and Contest
* Civil Society Gala
'''"Impreuna''' '''pentru Fiecare" national program'''

To provide support and financial aid to socially vulnerable sectors, KMG International gathered its initiatives within the CSR platform "Energy comes from the heart" (launched in May 2009) - which includes a national program, "Together for each and everyone", and other separate programs in the supported fields of healthcare and environment protection. Through the national program, “Together for each and everyone”, the company has been offering financial support since 2009, in amount of more than USD 1,500,000 to 101 communities from Romania and the Republic of Moldova in order to improve healthcare or environment conditions at a local level. As a socially responsible company, KMG International is committed to supporting projects developed partnering various NGOs:

'''SMURD''' partnership & General Inspectorate of Aviation partnership since 2010 to support air emergency interventions, the transportation of both medical personnel and the victims.

'''Ovidiu Ro Association''' partnership, as of 2005, to support the national campaign “Fiecare Copil in Gradinita" (Each Child in Kindergarten).

'''George Enescu International Festival''' In the past 5 years the Group supported and will continue to support the prestigious George Enescu International Festival and Contest, held in several cities, in September. This association of Rompetrol with such a large scale event was meant to strengthen the international vocation of the two brands and its products - fuels and quality music.

'''Civil Society''' '''Gala''' - as of 2003, Rompetrol is a partner and main sponsor of the annual competition that awards the best projects of the year, initiated by NGOs, unions, individuals etc.


==History==
==History==
* '''1974''' – Rompetrol is established as the international operator of the Romanian oil industry.
* '''1974''' – Rompetrol is established as the international operator of the Romanian oil industry.

* '''1993''' – Privatized by Management and Employee Buy Out (MEBO) and turnover subsequently reduced to below $6 million by 1998.
* '''1993''' – Privatized by Management and Employee Buy Out (MEBO) and turnover subsequently reduced to below $6 million by 1998.
* '''1998''' – Control purchased by a local investor group, thus increasing company capital and contributing into a substantial turnover growth.  
* '''1998''' – Control purchased by a local investor group, thus increasing company capital and contributing into a substantial turnover growth.
* '''1999''' – Holding company established as The Rompetrol Group N.V.(‘TRG’) in the Netherlands. First major acquisition: Vega refinery - located in Ploieşti - is bought and doubles its revenues in the first nine months after takeover.
* '''1999''' – Holding company established as The Rompetrol Group N.V.(‘TRG’) in the Netherlands. First major acquisition: Vega refinery - located in Ploieşti - is bought and doubles its revenues in the first nine months after takeover.
* '''2000''' – Rompetrol takes over Petros - at that time Romania’s principal oilfield operator. The company has since been renamed Rompetrol Well Services. The Group’s largest acquisition, [[Petromidia Refinery|Petromidia]] S.A., is also Romania’s largest and most sophisticated oil refinery. Rompetrol committed itself to a sustained modernization process to make Petromidia a state-of-the-art facility in Eastern and Central Europe.
* '''2000''' – Rompetrol takes over Petros - at that time Romania's principal oilfield operator. The company has since been renamed Rompetrol Well Services. The Group's largest acquisition, [[Petromidia Refinery|Petromidia]] S.A., is also Romania's largest and most sophisticated oil refinery. Rompetrol committed itself to a sustained modernization process to make Petromidia a state-of-the-art facility in Eastern and Central Europe.
* '''2001''' – Rompetrol creates Rominserv S.A., Romania’s first Engineering Procurement Construction & Maintenance (EPCM) company focusing on the oil industry.
* '''2001''' – Rompetrol creates Rominserv S.A., Romania's first Engineering Procurement Construction & Maintenance (EPCM) company focusing on the oil industry.
* '''2002''' – In 2002, with the newly founded company Rompetrol Petrochemicals in charge, the Petromedia refinery resumed its petrochemicals production.
* '''2002''' – In 2002, with the newly founded company Rompetrol Petrochemicals in charge, the Petromedia refinery resumed its petrochemicals production.
* '''2002''' – Rompetrol opens subsidiaries in neighboring Moldova (Rompetrol Moldova) and Bulgaria (Rompetrol Bulgaria).
* '''2002''' – Rompetrol opens subsidiaries in neighboring Moldova (Rompetrol Moldova) and Bulgaria (Rompetrol Bulgaria).
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* '''2005''' – The Rompetrol Group N.V. announced the acquisition of 100% in the French company Dyneff S.A.
* '''2005''' – The Rompetrol Group N.V. announced the acquisition of 100% in the French company Dyneff S.A.
* '''2006''' – Rompetrol opens a subsidiary in Ukraine - Rompetrol Ukraine.
* '''2006''' – Rompetrol opens a subsidiary in Ukraine - Rompetrol Ukraine.
* '''2007''' – In August 2007, the Kazakh company KazMunayGas acquired 75% of the Rompetrol shares from Rompetrol Holding Switzerland<ref>{{cite web|title=KazMunayGas and Rompetrol Holding SA Announce the Acquisition by KazMunayGas of a 75% Interest in The Rompetrol Group NV|url=http://www.rompetrol.com/kazmunaygas-and-rompetrol-holding-sa-announce-acquisition-kazmunaygas-75-interest-rompetrol-group-nv|publisher=Rompetrol|date=27 August 2007}}</ref>
* '''2007''' – In August 2007, the Kazakh company KazMunayGas acquired 75% of the Rompetrol shares from Rompetrol Holding Switzerland<ref>{{cite web|title=KazMunayGas and Rompetrol Holding SA Announce the Acquisition by KazMunayGas of a 75% Interest in The Rompetrol Group NV|url=http://www.rompetrol.com/kazmunaygas-and-rompetrol-holding-sa-announce-acquisition-kazmunaygas-75-interest-rompetrol-group-nv|publisher=Rompetrol|date=27 August 2007|access-date=17 February 2016|archive-url=https://web.archive.org/web/20160303210108/http://www.rompetrol.com/kazmunaygas-and-rompetrol-holding-sa-announce-acquisition-kazmunaygas-75-interest-rompetrol-group-nv|archive-date=3 March 2016|url-status=dead}}</ref>
* '''2008''' – Rompetrol and KazMunayGas launched Media Marine Terminal for crude oil in Media Black Sea port.
* '''2008''' – Rompetrol and KazMunayGas launched Media Marine Terminal for crude oil in Media Black Sea port.
* '''2009''' – KazMunayGas takes over the remaining 25% stake in Rompetrol.
* '''2009''' – KazMunayGas takes over the remaining 25% stake in Rompetrol.
* '''2009''' – In August 2009, Rompetrol opens its first two fuel stations, on the A2 motorway in Romania, designed as the new premium brand of the group.
* '''2009''' – In August 2009, Rompetrol opens its first two fuel stations, on the A2 motorway in Romania, designed as the new premium brand of the group.
* '''2010 -''' '''2011''' – TRG Petrol A.S., the group’s branch was established in [[Turkey]] with a view to expand the operations and enter new highly prospective markets.
* '''2010 -''' '''2011''' – TRG Petrol A.S., the group's branch was established in [[Turkey]] with a view to expand the operations and enter new highly prospective markets.
* '''2012''' – Completion of Petromidia refinery modernization process following an investment of USD 380 million.
* '''2012''' – Completion of Petromidia refinery modernization process following an investment of US$380 million.
* '''2013''' – New filling station concept launch. The new filling station concept comprises a modern design that combines 3D elements with color schemes to create a minimalistic, aerial and warm concept.
* '''2013''' – New filling station concept launch. The new filling station concept comprises a modern design that combines 3D elements with color schemes to create a minimalistic, aerial and warm concept.
* '''2014''' – The Board of Directors passed a resolution whereby the group was renamed into KMG International N.V
* '''2014''' – The Board of Directors passed a resolution whereby the group was renamed into KMG International N.V


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[[Category:Companies listed on the Bucharest Stock Exchange]]
[[Category:Companies listed on the Bucharest Stock Exchange]]
[[Category:Romanian brands]]
[[Category:Romanian brands]]
[[Category:Companies listed on the London Stock Exchange]]

Latest revision as of 09:06, 17 September 2023

KMG International
Company typeJoint-stock company
BVB: RRC BVB: PTR LSE: 0JK8 LSE: 0IZW
IndustryOil and gas
Founded1974
HeadquartersBucharest, Romania (corporate headquarters)
Amsterdam, Netherlands (registered office)
Key people
Ilyas Kuldzhanov (Chief Executive Officer)
ProductsFuels (Efix, EfixS), LPG Oils, Additives and Auto cosmetics, Lubricants, Services (Fill&Go, Hei), Filling stations (Rompetrol, Rompetrol Express, Rompetrol Partner)
RevenueIncrease US$ 13.6 billion (2014)
Number of employees
7,100 (2015)
ParentKazMunayGas
Websitewww.kmginternational.com

KMG International N.V. (formerly known as The Rompetrol Group N.V.) is an international oil company with operations in 15 countries throughout Europe, Central Asia and North Africa. The group is active primarily in refining, marketing and trading, with additional operations in exploration and production, and other oil industry services such as drilling, EPCM, and transportation.

KMG International owns the largest and most modern refinery in Romania and the Black Sea region – Petromidia Navodari – which boasts a processing capacity of over five million tons per year.

The company's retail network that operates under the "Rompetrol" brand incorporates over 1000 fuel distribution points in Romania, Georgia, Bulgaria and Moldova.

As of 2010, the group is entirely owned by National Company KazMunayGas JSC, the national petroleum company of the Republic of Kazakhstan, in turn controlled by the National Welfare Fund Samruk-Kazyna JSC.

The company employs over 7100 people worldwide, of which around 6,000 in Romania.

Starting 2014, KMG International implemented a new strategy to consolidate and develop the activities and operations of the group in Romania and South-Eastern Europe.

History

[edit]
  • 1974 – Rompetrol is established as the international operator of the Romanian oil industry.
  • 1993 – Privatized by Management and Employee Buy Out (MEBO) and turnover subsequently reduced to below $6 million by 1998.
  • 1998 – Control purchased by a local investor group, thus increasing company capital and contributing into a substantial turnover growth.
  • 1999 – Holding company established as The Rompetrol Group N.V.(‘TRG’) in the Netherlands. First major acquisition: Vega refinery - located in Ploieşti - is bought and doubles its revenues in the first nine months after takeover.
  • 2000 – Rompetrol takes over Petros - at that time Romania's principal oilfield operator. The company has since been renamed Rompetrol Well Services. The Group's largest acquisition, Petromidia S.A., is also Romania's largest and most sophisticated oil refinery. Rompetrol committed itself to a sustained modernization process to make Petromidia a state-of-the-art facility in Eastern and Central Europe.
  • 2001 – Rompetrol creates Rominserv S.A., Romania's first Engineering Procurement Construction & Maintenance (EPCM) company focusing on the oil industry.
  • 2002 – In 2002, with the newly founded company Rompetrol Petrochemicals in charge, the Petromedia refinery resumed its petrochemicals production.
  • 2002 – Rompetrol opens subsidiaries in neighboring Moldova (Rompetrol Moldova) and Bulgaria (Rompetrol Bulgaria).
  • 2003 – Rompetrol implemented its comprehensive program of expanding its gas station network in Romania. As part of its strategy the company unified the quality standards for its entire gas station network. To expand its network and make the process of distributing fuel easier, Rompetrol created a network of oil depots in various regions of the country (Arad, Craiova, Șimleu Silvaniei, Zarnesti, Vatra-Dornei, Constanta, Mogosoaia).
  • 2004 – Rompetrol Rafinare S.A. is listed on Bucharest Stock Exchange (BVB).
  • 2004 – KazMunayGas Trading AG (previously Vector Energy AG), specializing in the trade of oil and petroleum products.
  • 2005 – Most significant Q1 results ever with net profit reaching $43 million. Rompetrol starts operations Georgia.
  • 2005 – The Rompetrol Group N.V. announced the acquisition of 100% in the French company Dyneff S.A.
  • 2006 – Rompetrol opens a subsidiary in Ukraine - Rompetrol Ukraine.
  • 2007 – In August 2007, the Kazakh company KazMunayGas acquired 75% of the Rompetrol shares from Rompetrol Holding Switzerland[1]
  • 2008 – Rompetrol and KazMunayGas launched Media Marine Terminal for crude oil in Media Black Sea port.
  • 2009 – KazMunayGas takes over the remaining 25% stake in Rompetrol.
  • 2009 – In August 2009, Rompetrol opens its first two fuel stations, on the A2 motorway in Romania, designed as the new premium brand of the group.
  • 2010 - 2011 – TRG Petrol A.S., the group's branch was established in Turkey with a view to expand the operations and enter new highly prospective markets.
  • 2012 – Completion of Petromidia refinery modernization process following an investment of US$380 million.
  • 2013 – New filling station concept launch. The new filling station concept comprises a modern design that combines 3D elements with color schemes to create a minimalistic, aerial and warm concept.
  • 2014 – The Board of Directors passed a resolution whereby the group was renamed into KMG International N.V

See also

[edit]

References

[edit]
  1. ^ "KazMunayGas and Rompetrol Holding SA Announce the Acquisition by KazMunayGas of a 75% Interest in The Rompetrol Group NV". Rompetrol. 27 August 2007. Archived from the original on 3 March 2016. Retrieved 17 February 2016.
[edit]

Network:

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