Kazakh oil group allocates EUR 6 mln for the automation of fuel delivery systems in Romania

Kazakh group KMG International, which owns the oil refining company Rompetrol Rafinare, will allocate over USD 6 million by 2018 to modernize and automate the fuel loading-unloading systems of internal depots and terminals from Petromidia Navodari refinery. The group tries to improve its supply-chain activities in Romania and will shorten the time necessary to load and unload oil by 30%, said Zhanat Tussupbekov, general manager of KMG International. The company has recently completed the implementation of the pilot program at the Mogosoaia fuel depot, operated by Rompetrol Downstream, KMG International’s retail division in Romania. Rompetrol Rafinare is the second largest oil company in Romania and operates the Petromidia refinery. It is part of KMG International, which is controlled by KazMunayGas, the state oil company of Kazakhstan. The Romanian state holds 45% of Rompetrol Rafinare’s shares, but wants to keep only an 18% stake and sell the rest. editor@romania-insider.com