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Rompetrol was established in 1974 as the operator of the Romanian oil industry. The company was privatized in 1993 through a Management and Employee Buyout (MEBO), and turnover subsequently reduced to below $6 million by 1998. In 1998, Rompetrol was purchased by a local investor group led by Dinu Patriciu, thus increasing company
2006 – Rompetrol opens a subsidiary in Ukraine - Rompetrol Ukraine. 2007 – In August 2007, the Kazakh company KazMunayGas acquired 75% of the Rompetrol shares from Rompetrol Holding Switzerland [1] 2008 – Rompetrol and KazMunayGas launched Media Marine Terminal for crude oil in Media Black Sea port.
Vega Refinery is a Romanian oil refinery owned by Rompetrol and located in Ploiești, Prahova County. The refinery has a processing capacity of over 350,000 tons of feedstock/year. It is also the sole producer of hexane and bitumen in Romania with a production capacity of 66,000 tons of bitumen per year. [1]
The emergence of oil production in the territory now known as Romania dates back to 1857, [1] with oil facilities gaining strategic military significance in 1916 during World War I. Throughout World War II , the Kingdom of Romania held the position as the largest oil producer in Europe, second only to the USSR, whose primary oil source was ...
Rompetrol: Oil & gas Exploration & production Bucharest: 1974 Part of KMG International: P A Romstal: Industrials Industrial suppliers Bucharest: 1994 Sanitary supplies P A Romtelecom: Telecommunications Fixed line telecommunications Bucharest: 1989 Telecom, defunct 2014 P D SIVECO Romania: Technology Software Bucharest: 1992 Business software ...
The terminal which started operations in 2008 [1] belongs to the Rompetrol oil company which is owned by Kazakhstans national oil company KazMunayGas. The overall capacity of the import-export terminal is approximately 170 million barrels per annum (~2.3 × 10 ^ 7 t/a) of oil but used capacity is around 30 million barrels per annum (~4.1 × 10 ...
The value of the transaction was US$ 615 million, of which US$ 225 million was for modernisation works and other investments and US$ 340 million was for various debts (US$ 169 million for debts to the state and US$ 171 million to banks and other creditors) . [5] Rompetrol also changed the name of the refinery to Rompetrol Rafinare.
In 2007, he bought the Fabian Romania Property Fund, a British real estate investment fund in Romania. [8] As of 2012, his Dinu Patriciu Global Properties company owned real estate (office and commercial buildings) worth an estimated $1 billion in Germany and Romania, [ 8 ] as well as 25 residential projects in the United Arab Emirates . [ 5 ]