Contribution to energy security

The IEORT Innovative Group holds 2 of the 4 refineries that are operational in Romania.

The refineries Petromidia and Vega account together for 44.6% of the local refining capacity, and could cover for 70% of the domestic demand for diesel fuel and gasoline, with Petromidia reporting the highest white product yield (gasoline, diesel fuel and jet fuel) across the region.

The diversity of supply sources is a key element of energy security, and the Group’s offshore marine terminal has a significant contribution to ensuring alternative feedstock supply routes, bringing the crude oil from Tengiz and Kashagan oilfields, the most resourceful areas of Kazakhstan.

In addition to direct access to the crude oil source, Innovative Environmental Oil Refinery also provides the second largest reserve of oil products and crude oil of the regulated safety stocks.