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Published April 1, 2007

Petrom invests in the production of low-sulphur fuels

  • The transport of the most important element of the diesel hydrofining equipment for Petrobrazi reached Turnu Severin
  • This is the biggest water and land transport in Petrom’s history: over 400 tones weight, 4.5 diameter and more than 30 meters long
  • The transported unit is part of a new technological line worth approx. EUR 80M
  • Starting 2008, the Petrobrazi refinery will produce a new generation of diesel fuels, Euro 5, with a low sulphur content of 10ppm, according to European standards regarding products and environment protection

Bucharest, April 1st, 2007 – Petrom, the largest oil and gas producer in South Eastern Europe, starts the first major stage of the investment program aimed for the Petrobrazi refinery. This investment targets the development of performing technological equipment which makes it possible to produce a new generation of diesel fuels, according to the European environment policies. It is the hydrofining equipment which will help the refinery produce low sulphur fuels of 10 ppm. The value of the investment for this project rises to approx. EUR 80 M.

The first and most important element of the technological line has reached Romania today, through Turnu Severin. The hydraulic desulphuration column is over 30-meter long, with a 4,5-meter diameter and an over 400-tones weight.

Jeffrey Rinker, member of Petrom’s Executive Committee, in charge with the refining activity, stated: „With this equipment, we will reduce the diesel sulphur content from 50 ppm as it is in the present to 10 ppm according to the EU environment and quality regulations. Starting with 2008, we will offer cleaner fuels. The project is part of the Petrobrazi revamping program for which the company allocated more than EUR 1 bn up to 2010 and which will contribute to the growth of the diesel production capacity to 2.1 million tones by 2010. At the same time, the modernization and revamping process will transform Petrobrazi into the largest and most efficient refinery in Romania until 2010”.

The hydraulic desulphuration column with a value amounting over EUR 5M is made in Germany. This left Aschaffenburg on March 19 on the Rhine-Danube channel, crossed Austria and Hungary and entered Romania through Turnu Severin. It is the biggest transport in Petrom’s history.

In Romania, the transport will be made on water and on land, on the route Turnu Severin – Oltenita – Ploiesti – Petrobrazi. The equipment will be transported on road for a 237 km distance, from Oltenita to Petrobrazi.

The itinerary of the convoy includes the following locations: Oltenita, Bucharest- ring road, Afumati, Urziceni, Albesti Paleologu, Ploiesti – ring road, Petrobrazi.

Background Information
Petrom SA
Petrom is the largest Romanian oil and gas group, with activities in the business segments of Exploration and Production, Refining and Petrochemicals, Natural Gas, as well as Sales and Marketing. Petrom exploits estimated oil and gas reserves of 1 billion boe, has an annual refining capacity of 8 million metric tons and holds 593 filling stations in Romania. The company also has an international network of 211 filling stations located in Moldova, Bulgaria and Serbia. In 2006 the turnover of Petrom was EUR 3,709 million, EBITDA was EUR 1,020 million. Following the share capital increase OMV, the leading oil and gas group in Central Europe holds a 51,011% share in Petrom. OMV is active in 13 Central European countries in its Refining and Marketing business segment and in 19 countries on five continents in Exploration and Production. The Romanian state holds 30.862% of Petrom shares, Property Fund SA holds 9,887%, the European Bank for Reconstruction and Development, 2.026% and 6.214% are owned by minority shareholders.