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Rompetrol Rafinare plans investments worth around 56 million USD in 2018

Rompetrol Rafinare, the refining company controlled by KazMunayGas, will propose to shareholders an investment plan worth 56.9 million USD for 2018.

2018-04-16 11:13:41

The plan will be submitted for approval during the general shareholders' meeting of the company that will take place on April 27, according to Business Review.

The biggest share of the investments is allotted to Petromidia refinery in Navodari (44.26 million USD), while 5.83 million USD will go for the Vega refinery in Ploiesti. Another 6.81 million USD will be allotted in the petrochemical field.

For this year, Rompetrol Rafinare estimates a gross turnover of 3.5 billion USD, estimating deliveries of 5.1 million tonnes. The company aims to increase its sales by 3 per cent on international markets. The targeted operational profit stands at 130.74 million USD.



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