KMG plans to enter petroleum product retail market in Ukraine and Turkey

Oil&Gas Materials 25 January 2011 13:03 (UTC +04:00)

Kazakhstan, Astana, Jan. 25 / Trend A.Maratov E.Ismayilov /

The Kazakh KazMunaiGaz (KMG) is considering the acquisition of assets in Ukraine, KMG Trading House Director General Daniyar Berlibayev said.

"Today, our experts are considering entering the Ukrainian market, as this market is promising," Berlibayev said.

Today, Kazakhstan supplies wholesale petroleum products to the Ukrainian market through its subsidiary company Rompetrol. Consequently, the Kazakh side's acquisition of gas stations in Ukraine will allow the country to enter the country's retail market.

KMG is also interested in entering the retail market in Turkey, Rompetrol CEO Saduokhas Meralyiev said.

Meralyiev explained that the Turkish economy is developing rapidly, and an increase has been observed in energy consumption.

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.