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...