OMV Petrom completed the modernization of fuel terminal in Cluj
- The investment in the modernization of Cluj fuel terminal amounted to around EUR 18 mn
- The fifth modern fuel terminal finalized in the past six years
- Around EUR 125 mn invested to date for the construction of state of the art storage facilities and the modernization of existing storage capacities
OMV Petrom, the largest oil and gas producer in South-Eastern Europe, has completed the modernization of the fuel terminal in Cluj. The EUR 18 mn investment is part of the storage infrastructure modernization program that targets the construction of three new terminals and modernization of another three terminals.
Neil Anthony Morgan, member of the OMV Petrom Executive Board, responsible for Downstream Oil: "With three new terminals built in Jilava, Brazi and Ișalnița and another two modernized terminals, in Bacău and Cluj we are very close to reaching the proposed target within our '3+3 terminals strategy' aimed at fully supporting the Group’s marketing network. Up to this point, the investments for the construction and modernization of the five terminals amounted to around EUR 125 mn in the past six years. The modernized Cluj terminal will help us increase the efficiency of our operations, while, at the same time, reducing our operational costs."
The oil products in the Cluj terminal are stored in reservoirs above the ground, with a total storage capacity of 22,000 m³. They are equipped with automated systems for volume and temperature measurement as well as for protection against over-filling and a fixed fire extinguisher system. The reservoirs have steel walls and are connected to the automated detection system for leaks and cracks, while the loading of the products in road tanks is controlled by an automated system. The Cluj terminal will ensure the supply of fuels to the North-Western part of Romania.
All five terminals are fully automated and comply with Romanian and European related norms and standards. The five terminals have a total storage capacity of 87,000 m³ and are among the most modern and safe oil product distribution terminals in Europe. During the construction of the five terminals, a total of 3,600,000 man-hours were recorded, without any incidents.
The next steps in OMV Petrom’s storage infrastructure modernization strategy will consist of identifying the next fuel terminal that will go through the modernization process.
About OMV Petrom
OMV Petrom is the largest integrated oil and gas group in South-Eastern Europe, with an annual oil and gas production of approximately 66 mn boe in 2014. The Group has a refining capacity of 4.5 mn tons / year and operates an 860 MW high efficiency power plant and a 45 MW wind park. OMV Petrom is present on the oil products retail markets in Romania and neighboring countries through approximately 780 filling stations as of end of 2014.
OMV, one of Austria’s largest listed industrial companies, holds a 51.01% share in OMV Petrom. The Romanian state, via the Ministry of Energy, Small and Medium Enterprises and Business environment, holds 20.64% of OMV Petrom shares, the Property Fund holds 18.99% and 9.36% is free float on the Bucharest Stock Exchange.
In the last ten years investments for the consolidation and modernization of OMV Petrom amounted to more than EUR 11 bn. The annual direct, indirect and induced impact of OMV Petrom in Romania’s GDP is around 4.5%.
Starting 2007, OMV Petrom has integrated the principles of corporate responsibility into its business strategy. In this period, the company has allocated more than EUR 40 mn for the development of communities in Romania, focusing on environmental protection, education, health and local development. "Andrei’s School" is the main platform for community involvement.
For more details and information:
OMV Petrom Media Relations: +40 (372) 161547, email@example.com
Website: www.omvpetrom.com; www.petrom.ro