Rompetrol
| File:ROMPETROL.png | |
| Company type | Public (BVB: RRC,PTR [) |
|---|---|
| Industry | Petroleum |
| Founded | 1974/1999 |
| Headquarters |  Bucharest, Romania (central office) Rotterdam, Netherlands (headquarters) |
Key people | Dinu Patriciu, CEO |
| Products | Petroleum products, Petrochemicals |
| Revenue |  US$9 billion (2008) |
Number of employees | 8,800 (2007) |
| Website | www.rompetrol.com |
The Rompetrol Group N.V. is a Romanian oil company, that operates in many countries throughout Europe:
- Romania - 2nd largest oil company, 40% market share
- France - 7th largest oil company, 5% market share
- Spain - 10th largest oil company, 5% market share
- Turkey - 7th largest oil company, 5% market share
- Russia - 15th largest oil company, 1% market share
- Ukraine - 7th largest oil company, 5% market share
- Hungary - 7th largest oil company, 5% market share
- Bulgaria - 3rd largest oil company, 15% market share
- Serbia and Montenegro - 4th largest oil company, 10% market share
- Moldova - 3rd largest oil company, 30% market share
- Albania - 4th largest oil company, 20% market share
Rompetrol Group N.V. is the owner of the Petromidia oil refinery in Năvodari, Romania, renamed Rompetrol Rafinare S.A. which was built between 1975 and 1977 and modernized in the early 1990s, currently it has a capacity to process 14,000 tons of crude oil per day.
Rompetrol also owns Vega Refinery, built in 1904 and acquired by Rompetrol in 1999 and it is Romania's sole producer of a wide range of special boiling point spirits (SPBS), Solvents for olefins polymerization, bitumen, heating oil and catalysts for petroleum processing.
In December 2005, Rompetrol Group N.V. acquired French oil company Dyneff S.A., taking control over its oil refining infrastructure as well as its network of petrol stations in France.
The Chairman of the Board and CEO of the Rompetrol group is Dinu Patriciu, and the Deputy CEO is Philip Stephenson.
The Rompetrol Group N.V. is 25% held by Rompetrol Holding S.A.
In August 2007 the Kazakh company KazMunayGas acquired 75% of Rompetrol shares from the owner Dinu Patriciu for around US$ 2.7 billion.[1]
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 Patriciu 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 Ploieşti– 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 – OMV AG 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 Republic of Moldova (Rompetrol Moldova) and Bulgaria (Rompetrol Bulgaria)
- 2003 - The Rompetrol Group B.V. became The Rompetrol Group N.V.
- 2004 – OMV AG takes over Petrom S.A. 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 Albania and opens a representative office in Moscow
- 2005 - The Rompetrol Group N.V. announced the acquisition 100% of Dyneff S.A.
- 2006 - Rompetrol opens a subsidiary in Ukraine - Rompetrol Ukraine
See also
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: