Our trading activities connect the Caspian Sea (Kazakhstan, Georgia) and the Black Sea (Romania, Moldova, Bulgaria) to Mediterranean Sea regions.
The trading activities are carried out in Switzerland, our base of operations for international trading, and in Romania, where the Group has developed efficient logistic assets that transforms the country into an energy hub and gateway to Europe.
Trading provides the three production units of the Group, Petromidia and Vega refineries and the sole petrochemicals division in Romania with crude oil and raw materials. It manages the petroleum products stocks in the refining and retail divisions in Romania and it also sells fuels and niche products locally and to the Group's subsidiaries (Bulgaria, Moldova, Georgia), as well as to the traditional partners.
Following the completion of the Petromidia refinery capacity increase to 5 million tons/year in 2012, the company started to optimize the entire supply chain, improving the operations and logistics services in order to be able to manage the new quantities of raw materials and finished products.
In 2018, the crude sales to third parties gained new records. Exports of raw materials and petroleum products sold through our trading channels amounted to 14.9 million tons, which is 2.7 million tons more than the result of 2017, as well as 10.3 million tons higher than in 2012.