Romania’s Rompetrol advances in process of remodeling, rebranding stations

Romania’s Rompetrol said that its downstream unit modernized 90 filling stations with the new Rompetrol logo and by performing exterior works in 2014 and that it currently has 10 stations in “an advanced state of modernization” as part of the company’s ongoing remodeling and rebranding process.

“In the following period March-April 2015 there are 17 filling stations to be rebranded,” the company said in a statement published in mid February along with some earnings results.

The program was started in 2013 and represents some $18 million in investments, the company said.

“By the end of December 2014, Rompetrol Downstream distribution segment included 744 sale points, including its own network, partner stations, Rompetrol Express, 9 and 20 m3 internal bases, 230 LPG stations, 9.000 cylinder distribution stations and 3 GPL filling stations in Constanta, Arad and Bacau,” the company said.

Rompetrol Rafinare, KMG International member company, has registered a gross turnover* of ~5.6 billion USD in 2014, 15% more than in 2013 (4.8 billion USD). Influenced by the record breaking volumes of processed feedstock at Petromidia refinery – over 5 million tones, the operational profit (EBITDA) tripled from 29 million USD, the value reached in 2013, to 86 million USD in 2014. In the same time, the consolidated net result was 40% better in 2014, reaching the negative value of -58 million USD, the company said regarding its earnings.

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