KMG International, a subsidiary of KazMunayGas (KMG), Kazakhstan’s national oil and gas company, reported a profit of $87 million in the first six months of 2026, compared with a $6 million loss in the same period of 2025, KMG reported.
Consolidated EBITDA reached $203 million, up 40% year over year, according to the statement.
KMG International operates two oil refineries in Romania: Petromidia and Vega, both owned by KMGI’s subsidiary Rompetrol. Petromidia, the company’s largest refinery, is located on the Black Sea coast in Constanța. The company’s refineries also process crude oil supplied through the Caspian Pipeline Consortium (CPC).
In the first half of the year, Petromidia processed 2.6 million tons of crude oil. Petroleum product output totaled 2.529 million tons, including 1.159 million tons of diesel, 700,000 tons of gasoline and 225,000 tons of Jet A-1 aviation fuel.
KMG International’s retail sales increased 7% in the first half of the year to 1.4 million tons, primarily driven by higher wholesale sales in Romania and Moldova. Nonfuel sales in Romania also rose 6% to $26.1 million.
Notably, KMGI signed an agreement with Moldova’s state property agency to expand bilateral cooperation. The agreement will allow the company to enter Moldova’s aviation fuel market by organizing direct «wing-to-wing» deliveries and improving the efficiency of the region’s logistics chain. In 2025, Chișinău International Airport recorded one of the highest passenger traffic growth rates among European airports, at 47%.
