Vega Ploiesti Refinery marks 120 years of operation
The Vega Ploiesti Refinery is marking on Tuesday 120 years of existence and uninterrupted activity, being the longest-living unit in the country and a symbol of the Romanian industry, according to a press release from Rompetrol Rafinare issued to AGERPRES.
Currently, it no longer processes crude oil, in the last 20 years becoming a niche producer to support the national economy, namely the only producer of hexane, solvents, bitumen or heating fuel.
According to the cited source, Vega represents an example of resilience, in an industrial sector that, in the interwar period, had 46 refineries, and at the beginning of 1990, 10 refineries with a total capacity of 32 million tons. In the last 35 years alone, 60% of the refineries in Romania have been closed, and at the European level, the refining industry has experienced a major decline, with about 30 refineries closed between 1995 and 2025.
The recovery came with the takeover of the refinery by Rompetrol, carried out in 1999, which in 2004 decided to completely abandon crude oil processing and switch to a mix of semi-finished products supplied by Petromidia, which also entered the Rompetrol portfolio.
Since 2007, with the transfer of Rompetrol under the KMG International Group, Vega has been modernized and has constantly increased production yields, reaching the maximum of the modern period of its existence in 2018, when it processed 406,000 tons of raw materials coming from Navodari.
Vega is today the only bitumen producer in the country, providing about 20% of Romania's domestic needs, the entire production being directed to the domestic market. The refinery can also produce polymer-modified bitumen, which is distinguished by its high resistance to wear and temperature variations, increased elasticity that can double the lifespan.
The Vega refinery is operated by Rompetrol Rafinare, the company that also manages Petromidia Navodari, the largest refinery in Romania.
The significant shareholders of Rompetrol Rafinare are KMG International (54.63% - directly and indirectly) and the Romanian State, through the Ministry of Energy (44.7%). AGERPRES (RO - writing by: Cristian Anghelache; EN - writing by: Bogdan Gabaroi)
The content of the www.agerpres.ro website has the exclusive purpose of public informing.
All the information published on this website by AGERPRES is protected by relevant legal dispositions.
It is forbidden to copy, reproduce, recompile, decompile, distribute, publish, display, modify, create derived components or products or full services, as well as any exploitation of the site's content.
Details in the section Terms of Use. If you are interested in picking up AGERPRES news items, please contact the Marketing Department – marketing@agerpres.ro.
The use of the Comments section entails your obligation to respect the AGERPRES terms and conditions in regards to the publishing of comments on the www.agerpres.ro.
Other news in category
We have reservations technocratic government will produce results (Interim PM Bolojan)
Interim Prime Minister Ilie Bolojan, president of the National Liberal Party (PNL), declared that at the beginning of next week, most likely on Monday, the PNL leadership will hold consultations with the Prime Minister-designate Eugen Tomac, emphasizing that he has reservations regarding a technocratic government that would have the necessary results for the country in the c
BNR marks 115 years of Romania - Switzerland diplomacy with luxury watch exhibition, watchmaking masterclasses
A luxury watch exhibition - including items once owned by the Romanian Royal Family - and watchmaking masterclasses will be open at the National Bank of Romania (BNR) through Saturday, marking 115 years of Romania - Switzerland diplomatic relations, the organisers announced on Thursday. The program includes workshops presenting the history of renowned watch br
eTarifGiurgiuPod electronic tolling system formally accepted ahead of June 15 launch
The eTarifGiurgiuPod electronic tolling system was formally accepted on Thursday and is expected to become operational on June 15, 2026, pending publication of the Transport Minister's Order in the Official Journal, director general of the National Road Infrastructure Management Corporation (CNAIR) Cristian Pistol announced. He said the eTarifGiurgiuPod (e
Peiu (AUR): Tomac, a party activist; alternative is organizing early elections
The leader of the AUR senators, Petri?or Peiu, criticized, on Thursday, the appointment of Eugen Tomac as prime minister, because he would not be a technocrat, but 'a party activist' and claimed that the solution would be early elections. 'Nicusor Dan's regime is beginning to resemble the authoritarian regime of Carol II, and Eugen Tomac seems
To support Gov't, we want observance of certain principles - resuming investments, protecting low-income Romanians (Grindeanu)
Social Democratic Party (PSD) President Sorin Grindeanu declared on Thursday that, in order to support the new Government, PSD wants the observance of certain principles, namely the resumption of investments and economic stimulation to recover lost jobs, the protection of Romanians with low and medium incomes and the support of Romanian SMEs. 'Romania and
Eugen Tomac: I will present a team of specialists to Romanian Parliament, a technical government, not a political one
The designated Prime Minister, Eugen Tomac, declared on Thursday at Cotroceni that he would propose to the Legislature 'a team of specialists', and not politicians. 'I wish to find openness and a sincere dialogue from all democratic and pro-Western political forces in Parliament, in order to invest a government that will have a single agenda: the c
Eugen Tomac, President Dan's nomination for prime minister (bio)
President Nicusor Dan picked on June 4 MEP Eugen Tomac for prime minister. Under the Constitution, the prime-minister-designate must seek, within ten days of nomination, seek Parliament's confidence vote on the government program and full Cabinet list. Eugen Tomac was born on June 27, 1981 in the Babele commune (Oziornoe), Ismail district, O
President Nicusor Dan nominates MEP Eugen Tomac for prime minister
President Nicusor Dan on Thursday nominated MEP Eugen Tomac for the post of prime minister. Under the Constitution, the prime minister-designate must seek Parliament's vote of confidence on the government's programme and the full list of cabinet members within 10 days of being nominated. The government's programme and proposed cabine
Nearly a third of employed mothers say they have faced discrimination at work (survey)
Working motherhood changes the order of priorities in women's professional lives, and almost a third of them say they have faced forms of discrimination at work, according to a survey conducted by eJobs Romania in partnership with the Mamaz Foundation. The research data shows that 40% of respondents say that, after becoming mothers, flexible schedules or t
NATO DIANA Board of Directors approves inclusion of five new Romania-based Testing Centres in 2027 budget
The NATO DIANA Board of Directors approved at its meeting on Wednesday in Madrid, Spain, the proposal to include five new Romania-based DIANA Testing Centres in next year's budget, the National Institute for Research and Development in Informatics - ICI Bucharest announced in a release. The initiative, also supported by ICI Bucharest, is part of Romania
Bookfest/ Professor Bruno Mazzoni, journalist Petre Mihai Bacanu among recipients of Literature Museum awards
The National Museum of Romanian Literature (MNLR) on Thursday presented its awards at a ceremony held during the Bookfest International Book Fair, honouring significant works in philology published in 2024 and 2025, as well as leading figures of Romanian and international literature and culture. The ceremony was hosted by MNLR Director Ioan Cristescu.
Florin Jianu elected vice-president of SMEunited body, representative organisation for SMEs at European level
IMM Romania (National Council of Small and Medium Sized Enterprises in Romania) President Florin Jianu has been elected vice-president of the Enterprise Policy Committee of SMEunited, the representative organisation for SMEs at European level, after also being elected vice-president of SMEunited in December 2025. According to a release sent to AGERPRES on Thur
REXDAN research vessel embarks on new international mission on the Danube along Romania-Austria route
The research vessel REXDAN, the largest European vessel dedicated to inland water research and part of the research infrastructure of the 'Dunarea de Jos' University of Galati (UDJG), will embark on its second international mission on the Danube between 4 and 29 June within the European SUNDANSE project. According to the 'Dunarea de Jos' Univer
Drivers asked to slow down as turtles start migration season
The Administration of the Danube Delta Biosphere Reserve (ARBDD) is warning tourists who arrive in Tulcea County now that turtles have started their migration to lay their eggs and asks drivers to slow down and show caution to protect them. The migration of the two species of turtles found in Tulcea County, the pond turtle and the Greek tortoise, takes place b
DEER's Suciu says it's important for Romania that network development is emphasised at European level
AGERPRES special correspondent Nicoleta Gherasi reports: A non-modernised energy network means a brake on the development of the Romanian economy and the European economy, and for Romania it is very important that the need to develop distribution networks is being emphasised at European level, Director General of the Electricity Distribution Romania (DEER) Mihaela Rodica Suc