China's CEFC to acquire 51% of KMG International

This report is currently unavailable

This report is currently unavailable

Get this Inform as part of a subscription

Enquire about subscriptions

Already have a subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.

Report summary

As part of a wider divestment programme driven by a need to generate cash for upstream projects, cash-strapped KazMunaiGas has sold a majority stake in its European downstream-focussed KMG International business, formerly known as the Rompetrol Group, to CEFC China Energy Company Ltd. KMG International is primarily focussed on oil refining and fuels marketing operations around the Black Sea and Mediterranean regions, as well some some upstream and industrial services. Its primary asset, the Petromidia refinery, does not rank particularly highly in terms of European profitability, but has been contributing positively to the group's financial performance on the back of the exceptionally strong refining margins experienced since the start of the oil price decline in the second half of 2014. CEFC is private Chinese company looking to diversify into oil and gas, and plans to grow its presence in this sector beyond the acquisition. 

Table of contents

  • China's CEFC to acquire 51% of KMG International

Tables and charts

This report includes 1 images and tables including:


  • KMGI/Rompetrol European refining and fuels marketing positions

Questions about this report?

  • Europe:
    +44 131 243 4400
  • Americas:
    +1 713 470 1600
  • Asia Pacific:
    +65 6518 0800