Rompetrol

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The Rompetrol Group N.V.

Type	Public (BVB: RRC,PTR [)
Founded	1974/1999
Headquarters	Bucharest, Romania (central office) Rotterdam, Netherlands (headquarters)
Key people	Dinu Patriciu, CEO, Chairman - Rompetrol Group N.V. Philip Stephenson, Deputy CEO - Rompetrol Group N.V.
Industry	Petroleum
Products	Petroleum products, Petrochemicals
Revenue	5.29 billion (2005)
Website	http://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 - 2nd 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 Dupty CEO is Philip Stephenson.

[edit] 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.

[edit] See also

Petrom

[edit] External links

v • d • e BET-10 Companies of Romania
Antibiotice Iaşi \| Azomureş \| BRD \| Banca Transilvania \| Impact Bucureşti \| Oltchim \| Petrom \| Rompetrol Rafinare \| Turbomecanica \| Transelectrica