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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
2009 – In August 2009, Rompetrol opens its first two fuel stations, on the A2 motorway in Romania, designed as the new premium brand of the group. 2010 - 2011 – TRG Petrol A.S., the group's branch was established in Turkey with a view to expand the operations and enter new highly prospective markets.
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.
In 2018 Romania enjoyed one of the largest world market share in machine tools (5.3%). [citation needed] Romanian-based companies such as Automobile Dacia, Ford, Petrom, Rompetrol and Bitdefender are well known throughout Europe. However, small- to medium-sized manufacturing firms still form bulk of the manufacturing sector.
Romania's extensive refining capacity surpasses its domestic demand for refined petroleum products, enabling the country to engage in substantial exports of various oil products and petrochemicals. This includes, but is not limited to, lubricants, bitumen, and fertilizers, distributed across the eastern European region.
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Location of Romania. Romania is a sovereign state located in Southeastern Europe. Following rapid economic growth in the early 2000s, Romania has an economy predominantly based on services, and is a producer and net exporter of machines and electric energy, featuring companies like Automobile Dacia and OMV Petrom.
Petromidia is the only Romanian refinery located on the Black Sea shore, thus having the advantage of being supplied directly through the Midia oil terminal located in the Port of Midia capable of receiving oil tankers up to 24,000 DWT or the 40 km (25 mi) pipeline starting in the Port of Constanța. [2]