Published November 9, 2010

Petrom finalized the construction of the Brazi fuel terminal

One of the most modern and safe fuel terminals in Europe
Total investments value: around EUR 29 mn
Target for 2010 in terms of new constructed terminals achieved

Petrom, the largest oil and gas producer in Southeastern Europe, finalized the construction of the Brazi fuel terminal, on the Petrobrazi refinery industrial platform. The Brazi fuel terminal has a total capacity (including additives) of 8,120 cubic meters and will ensure the supply for the central and eastern part of Romania, for the counties Dâmboviţa, Prahova, Buzău, Vrancea, Galaţi, Ialomiţa and Brăila. The total investment value amounts to approximately EUR 29 mn.

Neil Anthony Morgan, member of Petrom Executive Board, responsible for Refining: "With a modern network of terminals we will be more efficient and we will supply products to our clients in complete observance of the Romanian and European industry standards related to operational, safety and environment. Thus, with two newly constructed storages, respectively Brazi and Jilava (2009) we achieved our target for 2010 with regards to the modernization of the terminals infrastructure."

The oil products delivered at the Brazi terminal are stored in reservoirs above the ground which are equipped with automated systems for volume and temperature measurement, automated system for protection against over-filling and fixed system for fire extinction. The reservoirs have double steel walls and are connected to an automated detection system for leaks or cracks.

The loading of the products in road tanks is completely automated and controlled by the automated system of the terminal. The Brazi terminal loading ramp for road tanks has four loading isles, three for gasoline and diesel and one for Jet A-1 fuel type.

The terminal is also equipped with a vapor recovery unit for controlled hydrocarbons emission, a used water collection system, a fire protection system with automated alarm and warning in case of fire, as well as automated control and management system for the technological process and the entire activity of the terminal. Due to the high standards used for its construction and equipment, the Brazi terminal is one of the most modern and safe fuel terminals in Europe (in observance of both European and Romanian legislation).

Petrom Group
Petrom Group is the largest oil and gas group in South-eastern Europe, with activities in the business segments of Exploration and Production, Refining and Marketing as well as Gas and Power. The Group consolidated its position on the oil market in South-eastern Europe following a far-reaching modernization and efficiency increase process whereas investments accounted for more than EUR 5 bn during the last five years. In Romania and Kazakhstan, the Group exploits proved oil and gas reserves of approximately 854 mn boe (in Romania 823 boe) and has a maximum annual refining capacity of 8 mn tons.

On the distribution market of oil products, Petrom Group is present through a network of approximately 800 filling stations, operated under two brands, Petrom and OMV. The activity in Romania is performed through OMV Petrom Marketing, 100% owned by Petrom. OMV Petrom Marketing operates 546 filling stations, out of which 389 are Petrom and 157 OMV. The Group also owns an international network of approximately 250 filling stations, located in Republic of Moldova, Bulgaria and Serbia.

For the Group’s sustainable development, its strategy includes business diversification by approaching the power market. In this context, Petrom is building a 860 MW gas fired power plant at Brazi and acquired the project for the construction of a 45 MW wind park.

In 2009 the Group’s turnover was EUR 3,795 mn, EBITDA was EUR 969 mn. OMV, the leading energy group in Central and South-eastern Europe holds a 51.01% share in Petrom. OMV is active in 12 Central European countries in its Refining and Marketing business segment and in 16 countries on four continents in Exploration and Production. Ministry of Economy holds 20.64% of Petrom shares, Property Fund SA holds 20.11%, the European Bank for Reconstruction and Development 2.03% and 6.21% is free float on Bucharest Stock Exchange.