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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.
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 ...
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Present-day Romania boasts significant oil-refining capabilities, demonstrating a notable interest in the Central Asia-Europe pipelines while actively cultivating relations with select Arab States of the Persian Gulf. With a total of 10 refineries and an overall refining capacity of approximately 504,000 barrels per day (80,100 cubic meters per ...
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 is an oil producer, but the level of production is not enough to make the country self-sufficient. As a result, it is a net oil and gas importer. The pipeline network in Romania included: 1,738 km for crude oil, 2,321 km for petroleum products and 708 km for natural gas, in 1999.