BAKU, Azerbaijan, October 20. KMG
International, a wholly owned subsidiary of Kazakhstan’s
KazMunayGas, reported consolidated earnings before interest, taxes,
depreciation and amortization (EBITDA) of $469 million for the
first nine months of 2026, up 73% year on year, according to
KMG.
The company’s net profit increased by 219% year on year to $269
million, according to KMG International.
During the reporting period, crude oil processing at the
Petromidia refinery totaled 4.087 million tonnes. Average daily
throughput reached 14,670 tonnes, equivalent to around 97% of the
refinery’s designed capacity.
The refinery produced 3.977 million tonnes of petroleum
products, including 1.793 million tonnes of diesel fuel, 1.103
million tonnes of gasoline and 369,000 tonnes of Jet A-1 aviation
fuel.
Combined petroleum product sales by KMG International’s retail
companies increased by 5% year on year to 2.272 million tonnes. The
growth was driven mainly by higher wholesale sales in Romania and
increased sales volumes in Moldova.
Sales of non-fuel goods and services in Romania rose by 3%
compared with the same period in 2025. EBITDA in the retail segment
reached $87 million.
KMG International operates refineries, petrochemical facilities
and a retail fuel network in Romania and the Black Sea region,
including the Petromidia and Vega refineries.
