KazMunayGas reportedly plans to divest 50% of its European assets, including Romanian

Kazakhstan's national oil and gas company, KazMunayGas, is set to partially divest its European assets, which include KMG International (KMGI, formerly Rompetrol Group) with Romania's largest refinery, Petromidia (4.8 million tonnes refining capacity), in its portfolio. KazMunayGas plans to sell up to 50% of its European holdings, according to Caliber.az.

KMGI operates in Romania, through Rompetrol Rafinare (BVB: RRC), Petromidia and Vega refineries, a petrochemical complex, terminals, and a filling station network. KMGI sources crude oil both domestically from Kazakhstan and from international suppliers.