Rompetrol in talks with Lukoil on crude oil handling

Oil&Gas Materials 21 January 2011 16:49 (UTC +04:00)

Kazakhstan, Astana, Jan. 21 / Trend A.Maratov /

The Kazakh National Company KazMunaiGazs' (KMG) subsidiary in Romania - Rompetrol - is in talks with the Russian Lukoil on the handling of 2.5 million tons of oil through its own terminal on the Black Sea, Rompetrol CEO Saduokhas Meralyiev said in an interview with Trend.

"Now we are in talks with Lukoil so that it redirected the volumes of oil destined for refineries in Romania to our oil terminal," Meralyiev said.

Lukoil's annual oil supply to Romania is 2.5 million tons. Previously, the company supplied its oil via tankers at the port of Constanta.

The Navadari oil terminal in the Black Sea (40 kilometers north of Constanta) commissioned by Rompetrol in early 2009 in close proximity to the refinery Petromidia, is able to take heavy-load tankers with capacity from 85 to 160 million tons over 300 days a year except for 60 storm days.

"The new bypass oil terminal operates in the ideal mode. We serve a tanker with the approach and departure; berthing and customs checks last only for a day. Our performance, depending on the load, can be up to 25 million tons of oil a year," he said.

In 2010, the new oil terminal handled 3.5 million tons, and taking into account the volume of the small terminal, about four million tons.

Meralyiev said et the Navadari terminal handles oil designed for the Petromidia refinery, but with the advent of the Lukoil transshipment, volume may increase from four million to 7.5 million tons a year.

The Rompetrol Group NV is a 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 owns a 25 percent share of the 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.