Rompetrol
Encyclopedia
The Rompetrol Group N.V. , is a Romania
n oil
company, that operates in many countries throughout Europe
:unclear what "market share": refining? downstream? extraction? well services?
Rompetrol Group N.V. is the owner of the Petromidia Refinery in Năvodari
, Romania
, renamed Rompetrol Rafinare S.A. which was built between 1975 and 1977 and modernized in the early 1990s, currently it has a capacity to process 14,000 tons of crude oil per day.
Rompetrol also owns Vega Refinery, built in 1904 and acquired by Rompetrol in 1999 and it is Romania's sole producer of a wide range of special boiling point spirits (SPBS), Solvents for olefins polymerization, bitumen, heating oil and catalysts for petroleum processing.
In December 2005, Rompetrol Group N.V. acquired French oil company Dyneff S.A., taking control over its oil refining infrastructure as well as its network of petrol stations in France.
The Rompetrol Group N.V. is 25% held by Rompetrol Holding S.A.
Network:
Oil Business - Upstream:
Oil Business - Refining:
Oil Business - Downstream:
Oil Business - Petrochemicals:
Services:
Industrial Production:
Presentations:
Romania
Romania is a country located at the crossroads of Central and Southeastern Europe, on the Lower Danube, within and outside the Carpathian arch, bordering on the Black Sea...
n oil
Petroleum
Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...
company, that operates in many countries throughout Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
:unclear what "market share": refining? downstream? extraction? well services?
- RomaniaRomaniaRomania is a country located at the crossroads of Central and Southeastern Europe, on the Lower Danube, within and outside the Carpathian arch, bordering on the Black Sea...
- 2nd largest oil company, 40% market share - FranceFranceThe French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
- 7th largest oil company, 5% market share - SpainSpainSpain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
- 10th largest oil company, 5% market share - RussiaRussiaRussia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
- 15th largest oil company, 1% market share - UkraineUkraineUkraine is a country in Eastern Europe. It has an area of 603,628 km², making it the second largest contiguous country on the European continent, after Russia...
- 7th largest oil company, 5% market share - HungaryHungaryHungary , officially the Republic of Hungary , is a landlocked country in Central Europe. It is situated in the Carpathian Basin and is bordered by Slovakia to the north, Ukraine and Romania to the east, Serbia and Croatia to the south, Slovenia to the southwest and Austria to the west. The...
- 7th largest oil company, 5% market share - BulgariaBulgariaBulgaria , officially the Republic of Bulgaria , is a parliamentary democracy within a unitary constitutional republic in Southeast Europe. The country borders Romania to the north, Serbia and Macedonia to the west, Greece and Turkey to the south, as well as the Black Sea to the east...
- 3rd largest oil company, 15% market share - Serbia and MontenegroSerbia and MontenegroSerbia and Montenegro was a country in southeastern Europe, formed from two former republics of the Socialist Federal Republic of Yugoslavia : Serbia and Montenegro. Following the breakup of Yugoslavia, it was established in 1992 as a federation called the Federal Republic of Yugoslavia...
- 4th largest oil company, 10% market share - MoldovaMoldovaMoldova , officially the Republic of Moldova is a landlocked state in Eastern Europe, located between Romania to the West and Ukraine to the North, East and South. It declared itself an independent state with the same boundaries as the preceding Moldavian Soviet Socialist Republic in 1991, as part...
- 3rd largest oil company, 30% market share - AlbaniaAlbaniaAlbania , officially known as the Republic of Albania , is a country in Southeastern Europe, in the Balkans region. It is bordered by Montenegro to the northwest, Kosovo to the northeast, the Republic of Macedonia to the east and Greece to the south and southeast. It has a coast on the Adriatic Sea...
- 4th largest oil company, 20% market share
Rompetrol Group N.V. is the owner of the Petromidia Refinery in Năvodari
Navodari
Năvodari is a town in Constanţa County, region of Dobrogea, Romania, with a population of 32,400.-History:The settlement was mentioned for the first time in 1421 under the name Kara Koyun , to be renamed later on Karaköy or Carachioi...
, Romania
Romania
Romania is a country located at the crossroads of Central and Southeastern Europe, on the Lower Danube, within and outside the Carpathian arch, bordering on the Black Sea...
, renamed Rompetrol Rafinare S.A. which was built between 1975 and 1977 and modernized in the early 1990s, currently it has a capacity to process 14,000 tons of crude oil per day.
Rompetrol also owns Vega Refinery, built in 1904 and acquired by Rompetrol in 1999 and it is Romania's sole producer of a wide range of special boiling point spirits (SPBS), Solvents for olefins polymerization, bitumen, heating oil and catalysts for petroleum processing.
In December 2005, Rompetrol Group N.V. acquired French oil company Dyneff S.A., taking control over its oil refining infrastructure as well as its network of petrol stations in France.
The Rompetrol Group N.V. is 25% held by Rompetrol Holding S.A.
History
- 1974 - Rompetrol established as the international operator of the Romanian oil industry
- 1993 - Privatized by Management and Employee Buy Out (“MEBO”) and turnover subsequently reduced to below $6 million by 1998
- 1998 - Control purchased by Dinu PatriciuDinu PatriciuDan Costache "Dinu" Patriciu , is a billionaire businessman and entrepreneur with a long standing involvement in real estate. In 1998 he led an investor buyout of the previously state-owned Romanian oil company, Rompetrol...
and a local investor group - 1999 – Holding company established as The Rompetrol Group B.V.(‘TRG’) in the Netherlands. First major acquisition. The Vega refinery –located in PloieştiPloiestiPloiești is the county seat of Prahova County and lies in the historical region of Wallachia in Romania. The city is located north of Bucharest....
– is bought and doubles its revenues in the first nine months after take-over - 2000 - Private equity investment by US-managed Romania & Moldova Direct Fund, L.P.
- 2000 – Rompetrol takes over Petros –at that time Romania’s principal oilfield operator. The company has since been renamed Rompetrol Well Services. The Group’s largest acquisition, Petromidia S.A., is also Romania’s largest and most sophisticated oil refinery. Rompetrol committed itself to a sustained modernization process to make Petromidia a state-of-the-art facility in Eastern and Central Europe
- 2001 – Rompetrol creates Rominserv S.A., Romania’s first Engineering Procurement Construction & Maintenance (EPCM) company focusing on the oil industry.
- 2002 – OMVOMVOMV is Austria's largest oil-producing, refining and gas station operating company with important activities in other Central European countries...
of Austria buys 25.1% of TRG NV; RMDF exits; OMV Chairman Dr. Wolfgang Ruttenstorfer joins TRG Board. - 2002 - 2003 – Rompetrol opens subsidiaries in neighboring MoldovaMoldovaMoldova , officially the Republic of Moldova is a landlocked state in Eastern Europe, located between Romania to the West and Ukraine to the North, East and South. It declared itself an independent state with the same boundaries as the preceding Moldavian Soviet Socialist Republic in 1991, as part...
(Rompetrol Moldova) and BulgariaBulgariaBulgaria , officially the Republic of Bulgaria , is a parliamentary democracy within a unitary constitutional republic in Southeast Europe. The country borders Romania to the north, Serbia and Macedonia to the west, Greece and Turkey to the south, as well as the Black Sea to the east...
(Rompetrol Bulgaria) - 2003 - The Rompetrol Group B.V. became The Rompetrol Group N.V.
- 2004 – OMVOMVOMV is Austria's largest oil-producing, refining and gas station operating company with important activities in other Central European countries...
takes over PetromPetromPetrom is a Romanian oil company, the largest corporation in Romania and the largest gas and oil producer in Eastern Europe operating in several countries:*Romania - largest company;*Moldova - 2nd largest company, 31% market share;...
sells its 25.1% stake in TRG N.V. back to management - 2005 - Most significant Q1 results ever with net profit reaching $43 million. Rompetrol starts operations in AlbaniaAlbaniaAlbania , officially known as the Republic of Albania , is a country in Southeastern Europe, in the Balkans region. It is bordered by Montenegro to the northwest, Kosovo to the northeast, the Republic of Macedonia to the east and Greece to the south and southeast. It has a coast on the Adriatic Sea...
and opens a representative office in MoscowMoscowMoscow is the capital, the most populous city, and the most populous federal subject of Russia. The city is a major political, economic, cultural, scientific, religious, financial, educational, and transportation centre of Russia and the continent... - 2005 - The Rompetrol Group N.V. announced the acquisition of 100% in the FrenchFranceThe French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
company Dyneff S.A. - 2006 - Rompetrol opens a subsidiary in UkraineUkraineUkraine is a country in Eastern Europe. It has an area of 603,628 km², making it the second largest contiguous country on the European continent, after Russia...
- Rompetrol Ukraine - 2007 - In August 2007 the KazakhKazakhstanKazakhstan , officially the Republic of Kazakhstan, is a transcontinental country in Central Asia and Eastern Europe. Ranked as the ninth largest country in the world, it is also the world's largest landlocked country; its territory of is greater than Western Europe...
company KazMunayGasKazMunayGasKazMunayGas is the state-owned oil and gas company of Kazakhstan. It was founded in 2002 by merging Kazakhoil and Oil and Gas Transportation.-Subsidiaries:Main subsidiaries of KazMunayGas are:...
acquired 75% of Rompetrol shares from the owner Dinu PatriciuDinu PatriciuDan Costache "Dinu" Patriciu , is a billionaire businessman and entrepreneur with a long standing involvement in real estate. In 1998 he led an investor buyout of the previously state-owned Romanian oil company, Rompetrol...
for around US$ 2.7 billion.
External links
Network:
- Rompetrol Romania
- Dyneff S.A. (Rompetrol France)
- Rompetrol Albania
- Rompetrol Bulgaria
- Rompetrol Georgia
- Rompetrol Moldova
- Rompetrol Ukraine
Oil Business - Upstream:
- Rompetrol Upstream, Exploration and Production
- The Drilling Division
- Rompetrol Well Services S.A. (Petros)
Oil Business - Refining:
Oil Business - Downstream:
Oil Business - Petrochemicals:
Services:
- Rominserv S.A.
- Ecomaster Ecological Services S.A.
- Rompetrol Logistics S.A. (Transportation)
- Rominterm S.A.
- The Drilling Division
- Rompetrol Quality Control S.A. (Laboratories)
- Global Security Systems S.A. (Security)
- EuroJet Aviation S.A. (Tourism)
Industrial Production:
Presentations:
- http://newweb.rompetrol.com/cms/rompetrol_companie/ir/rompetrolpresentation.pdf
- http://newweb.rompetrol.com/cms/rompetrol_companie/ir/Org_mg_A4.pdf