Rompetrol

Updated on Nov 25, 2024

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Website www.rompetrol.com Founded 1974		Headquarters Amsterdam, Netherlands

Area served Romania, Bulgaria, Moldova CEO Zhanat Tussupbekov (21 May 2012–) Parent organizations KazMunayGas, KMG International, CEFC China Energy Subsidiaries Rominserv S.A., Rompetrol Well Services Profiles Facebook

Oil tycoon says kazakh owned rompetrol to pursue balkan purchases

Rompetrol is the main brand of KMG International of Romanian origin, initially as a company representative of the Romanian oil and gas industry on international level, becoming later an international oil group with operations in 12 countries, known as The Rompetrol Group N.V.

In 2014, the Rompetrol Group N.V. was renamed into KMG International N.V. as part of a strategy to promote the brand KazMunayGas. Although the name was changed into KMG International, the Rompetrol brand continues to be used in the distribution segment of the entire company. The company’s retail network that operates under the “Rompetrol” brand incorporates over 1,100 fuel distribution points in Romania, Georgia, Bulgaria, Moldova, in France and Spain, where the company operates also under Dyneff brand.

Rompetrol petrol station 1a kavtaradze tbilisi georgia

History

1974: Rompetrol is 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 a local investor group, thus increasing company capital and contributing into a substantial turnover growth.

1999: Holding company established as The Rompetrol Group N.V.(‘TRG’) in the Netherlands. First major acquisition: Vega refinery - located in Ploieşti - is bought and doubles its revenues in the first nine months after takeover.

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: In 2002, with the newly founded company Rompetrol Petrochemicals in charge, the Petromedia refinery resumed its petrochemicals production.

2002: Rompetrol opens subsidiaries in neighboring Moldova (Rompetrol Moldova) and Bulgaria (Rompetrol Bulgaria).

2003: Rompetrol implemented its comprehensive program of expanding its gas station network in Romania. As part of its strategy the company unified the quality standards for its entire gas station network. To expand its network and make the process of distributing fuel easier, Rompetrol created a network of oil depots in various regions of the country (Arad, Craiova, Șimleu Silvaniei, Zarnesti, Vatra-Dornei, Constanta, Mogosoaia).

2004: Rompetrol Rafinare S.A. is listed on Bucharest Stock Exchange (BVB).

2004: KazMunayGas Trading AG (previously Vector Energy AG), specializing in the trade of oil and petroleum products.

2005 Most significant Q1 results ever with net profit reaching $43 million. Rompetrol starts operations Georgia.

2005: The Rompetrol Group N.V. announced the acquisition of 100% in the French company Dyneff S.A.

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

2008: Rompetrol and KazMunayGas launched Media Marine Terminal for crude oil in Media Black Sea port.

2009: KazMunayGas takes over the remaining 25% stake in Rompetrol.

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.

2012: Completion of Petromidia refinery modernization process following an investment of USD 380 million.

2013: New filling station concept launch. The new filling station concept comprises a modern design that combines 3D elements with color schemes to create a minimalistic, aerial and warm concept.

2014: The Board of Directors passed a resolution whereby the group was renamed KMG International N.V.

References

Rompetrol Wikipedia

(Text) CC BY-SA

Oil tycoon says kazakh owned rompetrol to pursue balkan purchases

Contents

Rompetrol petrol station 1a kavtaradze tbilisi georgia

History

References