Europe: Brent oil, TTF...

During the fourth week of June, Brent crude oil futures prices experienced a...

Europe: Electricity prices fall...

In the fourth week of June, average electricity prices declined across most major...

Europe: Electricity demand rises...

During the week of June 23, electricity demand rose across most major European...

Solar and wind energy...

During the week of June 23, solar photovoltaic (PV) energy production rose in...
Supported byClarion Energy
HomeSEE Energy NewsRomania: Petromidia refinery...

Romania: Petromidia refinery to reach highest fuel export volume in six years

Romania’s largest refinery, Petromidia, operated by Rompetrol Rafinare and controlled by the KMGI group, is set to increase fuel exports to 1.76 million tons in 2024, marking the highest export volume in six years. Exports will account for 35% of the refinery’s total output, while the domestic market remains the main priority. Projections suggest that 2025 could see an even greater export volume of petroleum products.

In terms of fuel distribution, Petromidia will supply twice as much diesel as petrol within Romania. However, exports will be more evenly balanced between the two fuel types, with a slight surplus in petrol shipments. Petrol exports are expected to reach 841,000 tons, surpassing domestic supply (628,000 tons), while diesel consumption in Romania will be nearly 1.5 million tons, significantly outweighing exports, which will remain below 800,000 tons.

Petromidia plans to process 5.3 million tons of raw materials, including 4.96 million tons of crude oil. Meanwhile, the group’s second refinery, Vega, which specializes in bitumen, hexane, solvents, and other products, will refine 403,000 tons of raw materials.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Europe: Brent oil, TTF gas and CO2 prices decline in late June amid easing Middle East tensions

During the fourth week of June, Brent crude oil futures prices experienced a decline. On Monday, June 23, the price settled at $71.48 per barrel, already 7.2% lower than the last session of the previous week. Prices continued to...

Europe: Electricity prices fall in late June amid lower gas costs and high renewables

In the fourth week of June, average electricity prices declined across most major European markets compared to the previous week. The United Kingdom’s N2EX market experienced the largest drop, falling by 28%. Other markets saw decreases ranging from 1.3%...

Europe: Electricity demand rises in most markets amid seasonal shifts and holidays

During the week of June 23, electricity demand rose across most major European markets compared to the previous week. Germany and Italy saw the largest increases, with demand growing by 8.2% and 8.1% respectively. France experienced the smallest increase...
Supported byVirtu Energy
error: Content is protected !!