- The latest fuels from Petrom to improve the cars performances
- Environment protection through a low sulfur content
- The new fuels are exclusively produced in Petrom refineries due to investments in refining
Petrom, the largest oil and gas producer in South Eastern Europe, launched a new line of fuels of a high quality. The new portfolio includes Euro Diesel 4, Top Euro Diesel 4, Unleaded Premium 95, Eco Premium, as well as the already launched Top Premium 99+ and Top Nordic Diesel. Their use raises the car performances, by ensuring maximum power, increased protection of the engine and low fuel consumption. “ These are the best products ever in Petrom; by launching them we are reaching an important objective of the marketing strategy namely a continuous improvement of our services and products”, stated Mr. Tamas Mayer, Member of the Managing Committee, in charge of Marketing.
The new line follows the series begun with Top Premium 99+, launched in May 2005, and Top Nordic Diesel, introduced in January 2006. Euro Diesel 4, Top Euro Diesel 4, Top Premium 99+, Unleaded Premium 95 and Eco Premium 95 replace the product line that was sold in our filling stations until recently. The new fuels have maximum 50 ppm sulfur content and are in line with Euro 4 standards.
Top Euro Diesel 4 and Euro Diesel 4 are meant for the use on diesel engines of the generation Euro 4, but can also be used for generations Euro 1 – Euro 3. The sulfur content of these products has been reduced from 350 ppm up to 50 ppm.
In the case of Top Premium 99+ and Unleaded Premium 95, for Euro 1 – Euro 4 engines, the sulfur content was reduced from 150 ppm to 50 ppm.
Eco Premium 95 is a special type of gasoline for older vehicles that are not provided with catalyst and contains a special additive which replaces the lead.
“I think it is remarkable the fact that we can put out all these products which meet the quality standards of the European Union for 2007 in our own refineries. The new fuels are the result of the revamping and modernization processes carried out in Petrobrazi and Arpechim supported by investments of approximately EUR 1 bn until 2010”, declared Mr. Jeffrey Rinker, Member of the Managing Committee, in charge of Refining and Petrochemicals.
Increased quality through the most extended filling stations network in Romania
Petrom provides its customers with quality products at reasonable prices, in the best conditions. As part of its development strategy, during last year Petrom has introduced a new concept for its filling stations, Petrom V, which sets new standards in the field. Around 250 Petrom V filling stations will operate until 2010.
At the beginning of this year the company acquired the OMV filling stations in Romania, Bulgaria, Serbia and Montenegro, and recently has concluded a contract with MOL for the taking over of 30 filling stations in Romania.
The fuels offered in Petrom’s network are obtained in the own refineries. Presently, both refineries produce fuels in accordance with the European standards of quality and environment. In 2005, Petrobrazi si Arpechim obtained the integrated environment authorization in accordance with the Romanian legislation for industry.
Petrom’s objectives in Refining aim at increasing the performance level of the refineries through extensive modernization processes. Until 2010, the refineries utilization (currently 80%) will go up to 95% due to optimized asset utilization. The emissions of the refineries are constantly monitored and the sustained investments will allow their reduction.
Petrom is the largest Romanian oil and gas group, with activities in the business segments of Exploration and Production, Refining and Petrochemicals, as well as Sales and Marketing. Petrom has estimated oil and gas reserves of 1 billion boe, an annual refining capacity of 8 million metric tons and around 550 filling stations in Romania. The company also has an international network with 82 filling stations located in Moldova and Hungary. This network was increased by 178 OMV premium stations in Romania, Bulgaria and Serbia-Montenegro, acquired in January 2006. In 2005 the turnover of Petrom was EUR 2,970 million, EBITDA was EUR 766 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 Refining and Marketing, Exploration and Production, Gas as well as Chemicals in 28 countries on five continents. 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.