Kazakhstan, Astana, Jan. 18 / Trend A.Maratov /
The Kazakh National Company KazMunaiGazs' (KMG) subsidiary in Romania - Rompetrol has entered into an annual contract with Tengizchevroil (TCO) for the supply of the Tengiz gas in the amount of 3,000 tons per month, Rompetrol Gas Deputy General Manager Adilbek Batalov said in an interview with Trend on Tuesday.
"We have concluded an annual contract with the TCO for the supply of the Tengiz gas in the amount of 3,000 tons per month," Batalov said.
He said the Tengiz gas, which is renowned for its properties, is used for automotive gas of high quality.
The Tengiz gas is delivered by rail through Ukraine to Romania.
"Automobile gas sold through gas filling stations is quite a promising line of business in Europe," Batalov said.
He recalled that the discovery of such a business is linked with the fact that previously Kazakh President Nursultan Nazarbayev raised the issue of entrance of Kazakhstan to world markets, not only with its raw material, but also with products with higher added value.
The Rompetrol Group NV is 100-percent subsidiary of KMG-processing and marketing. "
Rompetrol is a large holding company. Most of its operations and assets are located in France, Romania, Spain, and southeastern Europe. The group is active primarily in refining and marketing/downstream, with additional operations in exploration, production and other services for the oil industry. It owns two oil refineries (Petromidia and Vega) and some 630 gas stations in Europe (Romania, France, Spain, Moldova, Ukraine, Bulgaria, Albania, and Georgia). The company occupies a 25-percent share of petroleum product retail sales market in Romania, a 3.5-percent share of the market in France and a 1.5-percent stake of the market in Spain. Rompetrol works in 13 countries in service and trading, including Spain and Azerbaijan, and has projects in North Africa, Latin America and the Middle East.