KMG opens center in Romania
Kazakhstan, Astana, Nov. 26 / Trend A. Maratov /
KazMunayGas has completed factory automation and operations integration at an operational management center at the Petromidia platform through Rompetrol Petrochemicals.
"The integration of automated control over petrochemical plants in the control center supports the company's goal of becoming one of the major polymer suppliers and producers in the region," Rompetrol Petrochemicals General Manager Niculi Dimitru said. "Investments amounting to more than $107 million have been made from 2002 until today to expand our special activities, production capacity, quality and product range."
According to the company's press service, the project's total cost to integrate local systems into a new control center runs about $500,000. Rompetrol Petrochemicals invested $30 million in 2006-2007 to restart and modernize refineries to produce low-density polyethylene, as well as an additional $14.5 million to produce high-density polyethylene.
"The new center provides control and protection technological schemes and technological data collection and transmission in real-time," he said. "It also indirectly reduces production costs. This is the first center in Romania, as well as in southeastern Europe."
According to the company, Rompetrol Petrochemicals plans to increase the installation's productivity for low-density polyethylene production worth more than 70 percent by late 2011. However, the total investments have been estimated at about $ 18 million. The company's fixed turnover is $214.2 million, with an operating income of $11.5 million over the first nine months of this year. This is more than the figure for the same period in 2009. The company's turnover amounted to $181 million, with a negative operating result of $12.5 million.
KazMunaiGas is Kazakhstan's national operator for hydrocarbon exploration, production, refining and transportation, and represents the state's interests in the Kazakh oil and gas industry. The Samruk Kazyna National Welfare Fund owns 100 percent of KazMunayGas's shares.
The Rompetrol Group is a 100-percent subsidiary of KMG - Processing and Marketing.
Rompetrol is a major oil and gas holding company in Romania. It consists of three plants and 1,042 gas stations in Europe. The company has a 25-percent share of oil product retail sales in Romania, a 3.5-percent market share in France and a 1.5-percent share in Spain. Rompetrol operates in 13 countries in service and trading from Spain to Azerbaijan. It has projects in North Africa, Latin America, the Middle East.
KMG - Processing and Marketing is a 100-percent KazMunayGas subsidiary. Its main activities include oil-processing asset control, oil and oil product export, and oil product retail sales.