The Rompretrol group, taken over last year by Kazakh state-owned KazMunaiGas, is targeting turnover this year worth $10-12 billion (€6.3-7.5 bln), up from $7 bln (€4.4 bln) last year, mainly due to an increase in the volume of crude oil and traded refined products, according to a declaration yesterday by the group’s Chief Executive Officer, Dinu Patriciu.
This year’s trading of crude oil will reach seven million tons, and 8 million tons of oil products, according to Patriciu. He added that the Dyneff fuel distributor, taken over by Rompetrol three years ago, will increase its contribution in 2008 to the group’s turnover to some $3.7 bln from $3 bln in 2007. Rompetrol imports ten million tons of crude oil, of which six million from KazMunaiGas.
Patriciu added that a 10 percent rise in the price of raw materials will lead to a 5 percent increase of the price of fuel at the pump. Rompetrol Gas, trade division of the group’s liquified petroleum gas, has invested $10 million (€6.3 mln) in a new bottling station in Arad. The company operates a similar station in Navodari and intends to open another unit in Bacau this year, whose investment is estimated to cost $10 mln.
The company is targeting a rise in market share this year to 15 percent from 8 percent in 2007, and to 21 percent in 2012, through investments in its distribution network and the attraction of new clients.
According to Rompetrol Gas’ General Manager, Veron Toma, the LPG market in Romania is up to 500,000 tons, worth $500-550 mln. Rompetrol Gas is estimated turnover this year worth some $100 mln, almost double that of 2007 of $54 mln.
Rompetrol also intends to operate some 350 Expres mobile gas stations this year, up from 100 units at present.
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