KMG Head discussed with the Prime Minister of Romania the prospects for cooperation in the energy sector

On February 26, 2025 the Chairman of the Management Board of JSC NC KazMunayGas (KMG) Askhat Khassenov met with the Prime Minister of Romania Marcel Ciolacu in Bucharest.

The parties confirmed the importance of strengthening Kazakh-Romanian economic cooperation, taking into account the activities of KMG's subsidiary organization KMG International N.V. (Rompetrol) in Romania. KMGI is one of the top five taxpayers and is also one of the largest employers.

Overall, despite the current challenges in the international energy market, Kazakhstan remains a reliable partner and a key producer of oil products in Romania, contributing to energy security.

- Romania is our most important partner in the European Union, which is confirmed by significant oil supplies and KMG's role in the country's refining industry.

Over the years, the refining capacity has been increased to 5.5 million tons of oil per year.

The refinery is one of the most modern in the region with the yield of light oil products at the level of 88%, - said A. Khassenov.

Aspects of investment climate, as well as ensuring reliable and sustainable operation of KazMunaiGas assets in Romania were discussed.

On the same day, the head of KMG met with the Minister of Energy of Romania Sebastian Burduja. The parties considered the prospects for further cooperation in the oil and gas industry.