Romanian oilRompetrol Rafinare, saidits consolidated net loss
shrank 39%to$58.4 million (51.1 million euro) in 2014,while
turnover grew 15%.
The refiner's gross turnover rose to $5.63 billion from $4.90 billion in
2013,Rompetrol Rafinare said in a statement on Monday.
Earnings before interest, taxes, depreciation and amortisationsurged 198%
to$86.4 million last year, helped by
arecord-highvolumeof processed feedstock at its main asset,
thePetromidia refinery, of over 5 million tonnes.
Rompetrol Rafinare isthe core asset of The Netherlands-based KMG
International NV, formerly The Rompetrol Group, which is fully owned by Kazakh
state-owned energy company KazMunaiGaz Group.
Through its two refineries,Petromidiaand Vega, Rompetrol Rafinare
accounts for over 40% of Romania'srefining capacity and is the only
producer of polymers in the country.
The results are consolidated and unaudited and are reported under the
International Financial Reporting Standards.They includethe results of
Rompetrol Rafinare and its subsidiaries: Rompetrol Downstream S.R.L., Rompetrol
Gas S.R.L., Rompetrol Quality Control S.R.L., Rom Oil S.A., Rompetrol Logistics
S.R.L. and Rompetrol Petrochemicals S.R.L.