KMG International diversifies oil supplies to Petromidia refinery

Kazakhstan has acquired the Rompetrol concern, which includes the Petromidia refinery, a petrochemical plant and a network of filling stations in Romania, Moldova, Georgia and Serbia.

Kazakh-owned Romanian refinery prefers oil from the Iraqi Kirkuk field


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BUCHAREST – KMG International diversified oil supplies to the Petromidia refinery, preferring oil from the Iraqi Kirkuk field, Saduokhas Meraliyev, chief director for processing and industrial services of KMG International, told Kazakhstani journalists as part of the Bucharest press tour.

“In 2014, after the completion of the Petromodia refinery modernisation project, we were able not only to produce gasoline and diesel Euro-5, but also improve the ‘omnivorousness’ of the plant, which was able to process oil of different qualities, both light and heavy, paraffin,” Meraliyev said.

According to him, such an opportunity allowed the plant management to experiment with the use of different types of oil in order to obtain greater profits.

According to financial services, in October this year, KMG International was able to process about 18,000 tonnes per day – the highest figure for the 41-year history of the plant. Before modernisation of the plant, this figure was at the level of 12 thousand tons per day.

“Specialists of the plant studied a huge amount of information on the properties of oil. We studied and tested dozens of options for processing different types of raw materials. At first they tried Omani oil, but the results were not impressive. Then they decided to try inexpensive oil from the Kirkuk field in Iraq. And, despite the high sulfur content, Iraqi oil as a part of a mixture from other varieties ‘came into balance’ with our installations,” Meraliyev said.

According to him, today a mixture of several grades of crude oil is used for processing at the Petromidia refinery. The recipe for this is as follows: 54% is Kazakh oil, which is listed as raw material of Urals variety. The rest is an alternative oil: about 25% of the oil from the Kirkur deposit from Iraq, the remaining 21% is light West Siberian oil and Azeri oil.

It is this recipe that allows the plant to save on the purchase of raw materials, but at the same time, to get gasoline and diesel fuel of high quality, the euro standard – 5.

“Today we face the task of bringing the volume of Kazakh oil to 50 percent. We are ready to buy Sahara, Emirati oil. We would not refuse from Iranian oil, but we are waiting for solution of the situation with sanctions,” Meraliyev said.

Ten years ago, Kazakhstan, which always tried to sell not only crude oil but also higher-value products on the European market, acquired the Rompetrol concern, which includes the Petromidia refinery, a petrochemical plant and a network of filling stations in Romania, Moldova, Georgia and Serbia.

 

 

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