Tag: KMG

KMG to inject 25 million dollars into Kazakh-Romanian investment fund – Romania, 05 July 2019

Kazakh state-owned KMG will increase the share capital of the Kazakh-Romanian energy investment fund set up in November last year as part of the agreement made six years ago to adjust Rompetrol’s historical debts to the Romanian state and which promised one billion dollars in energy projects. KMG Full article available for subscribers of Energy […]

Rompetrol Rafinare announced new contracts with KazMunayGas – Romania, 21 July 2017

According to the announcement published at the Romanian Stock Exchange, oil company Rompetrol Rafinare has concluded several new contracts with the parent company KazMunayGas (KMG), through which acquired about 140 million dollars worth of crude oil in various futures contracts. At the same time, the company acquired 21.7 million dollars worth of diesel from KMG. […]

Rompetrol plans to open first eco-friendly petrol station by 2020 – Romania, 20 April 2017

Costinela Dragan, Communications and Sustainability Manager at KMG International, the company which is wholly owned by the Kazakh state-owned KazMunayGas and operates the largest Romanian oil refinery Petromidia and the second largest fuel network in the country, said that Rompetrol is planning to build the first “green” petrol station by 2020. Dragan said that over […]