history launch on bucharest stock exchange · rompetrol committed itself to a sustained...

The Rompetrol Group

History

Operations

Distribution network

Rompetrol Rafinare –Petromidia

Corporate background

Crude Supply

Production

Operating Costs

Sales and Distribution

Summary Financials

Historic Debts

Strategic objectives

Past SM Performance

Rompetrol Rafinare

Launch on Bucharest Stock Exchange

Philip Stephenson

Deputy CEO

The Rompetrol Group NV

Bucharest, March 24th, 2004

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Overview

The Rompetrol Group

History

Operations


Rompetrol Rafinare – Petromidia


Crude Supply

Production

Operating Costs


Summary Financials

Historic Debt


Past Stock Market Performance

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

History

1974 - Established as the international operator of the Romanian oil industry

1993 - Privatized by Management and Employee Buy Out (“MEBO”) and turnover subsequently reduced to below $6 million by 1998

History

1998 - Control purchased by Dinu Patriciu and local investor group

1999 – Holding company established as The Rompetrol Group (‘TRG’) in the Netherlands

1999 – The first major acquisition; the Vega refinery, located in Ploiesti,is bought and doubles its revenues in the first nine months after take-over.

2000 - Private equity investment by US-managed Romania & Moldova Direct Fund, L.P.

/ 2

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

History

2000 – Rompetrol takes over Petros – at that time Romania’s principal oilfield operator. The company has since been renamed Rompetrol Well Services.

2001 – The Group’s largest acquisition, Petromidia S.A., Romania’s largest and most sophisticated oil refinery. Rompetrol committed itself to a sustained modernization process to make Petromidia a state-of-the-art facility in Eastern and Central Europe

2001 – Rompetrol creates Rominserv, Romania’s first Engineering Procurement Construction & Maintenance (EPCM) company focusing on the oil industry.

2002 – OMV of Austria buys 25.1% of TRG NV; RMDF exits; OMV Chairman Dr. Wolfgang Ruttenstorfer joins TRG Board.

2002-2003 – Rompetrol opens subsidiaries in neighboring Republic of Moldova(Rompetrol Moldova) and Bulgaria (Rompetrol Bulgaria)

History

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

lobal Operations

RUSSIA

ASIA

EUROPE

MIDDLE EAST

AFRICA

USA

SOUTH

AMERICA

AUSTRALIA

CANADA

ANTARCTICA

GREENLAND

THE NETHERLANDS

ROMANIAAZERBAIDJAN

KAZAKHSTAN

TURKMENISTAN

MOLDOVA

BULGARIA

IRAQ

LIBYA

Operations

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Petromidia Refinery& Petrochemical Plant

Vega Refinery

Rompetrol Group headquarters

Oil & Gas Company Operations

Exploration & Production

Refining & Petrochemicals

Wholesale

Retail (Romania wide)

Services & Supply Companies

Oilfield & Drilling

Joint Services

(logistics, environmental

remediation, EPC

maintenance)

Oilfield & Drilling

Pipes & Fittings Plant

Romanian Operations

Retail operations

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Retail Network

STATIIROMPETROL

PETROMIDIA

DEPOZITE

VEGA

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Rompetrol Rafinare – Petromidia

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Corporate backgroundCorporate

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Company shareholders

Shareholder No. of shares Percentage

THE ROMPETROL GROUP NV 11.251.440.978 64,4283%

S.C. ROMPETROL S.A. 3.285.266.796 18,8122%

Minority shareholders (below 10%) 1.243.464.337 7,1203%

TOTAL 17.463.507.667

SIF TRANSILVANIA 1.683.335.556 9,6392%

Corporate

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Company shareholding

Rompetrol Holding S.A.(Switzerland)

OMV Aktiengesellschaft(Austria)

74.9% 25.1%

The Rompetrol Group N.V.(The Netherlands)

Corporate

RompetrolS.A.

(Romania)

64.43% 81.82%Rompetrol

Rafinare S.A.(Romania)

Rompetrol Logistics SA(Romania)

67.83%

Rompetrol Petrochemicals

SRL (Romania)

18.81%

23%

100%

Rompetrol Industrial Parks SA

(Romania) 99%

23%Rom Oil SA(Romania)

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

AROMATICEXTRACTION

430 000

BTXSEPARATION

240 000

o-XYLENE &ETHYLBENZENESEPARATION

90 000

NAPHTHAHYDROTREATER

833 000

CRUDE UNIT

4 800 000

JET FUELHYDROTREATER

340 000

DIESELHYDROTREATER

720 000

FCC FEEDHYDROTREATER

1 200 000

m-XYLENEIZOMERIZATION

270 000

AMINE TREATERSAND CLAUS UNITS

32 000

LIGHT ENDSSEPARATION

200 000

FCC

1 100 000

MTBE35 000

TELADDITION

350 000

p-XYLENESEPARATION

310 000

UNLEADED GASOLINE

PROPYLENE

C4 CUT

LEADED GASOLINE

COKE

METHANE

OILFIELD CONDENSATE

CRUDETOLUENE

JET FUEL

ETHYLBENZENE

o-XYLENE

DIESEL

SULPHUR

PROPANE

n-BUTANE

RAFFINATE

LPG

FUEL OIL

BENZENE

p-XYLENE

HYDROGENNETWORK REFINERY FUEL GAS

PLATFORMER

500 000

DELAYEDCOKER

1 170 000

HYDROGENPLANTS

3x1700

All capacities are in mt/y

REFINERY PlantREFINERY Plant

* All marked installations have been upgraded or otherwise modernized following investments

Refinery Layout Refinery layout

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Licensors

• CCR – UOP

• FCC – UOP

• Merox – UOP

• PAREX – UOP

• HDPE – Mitsui

• PP – Rompetrol (initial technology Mitsui)

• LDPE - Snamprogetti

Corporate

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Logistical infrastructure

Rompetrol Refining (RR SA) general logistical framework includes:

• Pipelines

• Maritime berths for loading –unloading

• Railway loading-unloading facilities

• Automotive loading-unloading facilities

Corporate

The pipeline system

The oil pipeline connecting Oil Terminal Constanta to RR S.A., supplies the refinery with Crude Oil

The gasoline pipeline connecting RR S.A. to Oil Terminal Constanta, deliversgasoline to Oil Terminal facilities.

The diesel pipeline connecting RR S.A. to Oil Terminal Constanta, supplies diesel to Oil Terminal facilities.

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance


Railway facilities

• Automated rail post - used to load all finished and semi processed liquid products. Activities unfold via 4 rail tracts, two destined for white products (gasoline, aromatics, Jet A fuel) and 2 for black products (gasoil, diesel, heating fuels).

• GPL post – used to load liquefied petroleum gas, the facility has 12 loading sites distributed along two rail tracts.

• Interim post – used to unload gasoil and vacuum distillate containers, it is endowed with 20 unloading sites distributed along two rail tracts.

• Crude unloading post - a new location used to unload crude and furbished with 30 unloading sites.

• Naphtha-MTBE gasoline unloading post – used to unload the raw material for the HB and MTBE installations, the post has 20 unloading sites along 2 rail tracts.

• Solids loading post - used to load petroleum coke and sulfur with sites along two rail tracts

• Non-standard product unloading post – used to unload containers which do not comply to production standards in point of quality

Corporate

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance


Maritime loading –unloading berths

Corporate

• Berth 1-4 – used to unload crude from vessels of up to 25000 dwt.

• Berth 9 – used to load various processed products (gasoline, diesel, Jet A fuel) and unload various finished and semi processed materials (MTBE, gasoil, vacuum distillate) from shipsof up to 5000 tdwt.

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Considerations on crude supply

Crude Supply

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Urals CIF Med Prices Vs. Brent

Crude Supply

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Urals Med Margins

Urals Med Cracking Margins (USD/bbl)

0.00

1.00

2.00

3.00

4.00

5.00

6.00

7.00

8.00

9.00

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

20002001200220032004

Crude Supply

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Types of crude used (evolution in percentages)

Low sulfur High sulfur

1,275,0451,004,380

2,606,312 4,011,500

951,4191,839,937

244,017 0

0%

50%

100%

2001 2002 2003 2004

tons

Low sulfur High sulfur

Crude Supply

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Crude prices (Petrom versus other sources the refinery uses)

Crude Supply

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Refinery vs. Crude margins

Evolution refinery margin

$0.56$0.89

$4.18

$2.34$1.77

$3.67

$-

$1.00

$2.00

$3.00

$4.00

$5.00

2001 2002 2003

$/b

arre

ls o

f cr

ud

e

Petromidia Urals reference

Crude Supply

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Production

Production

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Automotive facilitiesUtilization

• Planned capacity for 2003 – 2004 to reach 4.0 million tons

138.021

226.457

276.417264.351 255.42 232.860250.996 252.309 235.131

288.059289.503307.891287.077

255.125 281.530278.354

223.945235.403233.966225.322233.761246.217

264.061

131.729

281.138269.976

28.668 17.101 26.7536.292

12.356 18.134 21.6597.538

17.03 16.906 11.186 11.149 6.529

0

50

100

150

200

250

300

350

Jan-03 february march april may june july august september october november december Jan-04

'000

to

Total feedstocks Crude oil Other feedstocks

• Nameplate capacity 4.8 million tons

Totals

3,333,160

3,131,859

201,301

Production

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Crude processed

Production

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Evolution of raw materials

Total Feedstock Crude Other raw materials

000‘tons

Production

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Evolution of Euro standard production vs. types of crude used

Products Euro Products Sour CrudeSweet Crude

Production

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Euro standard production

Premium E Gasoline replaces Leaded Premium and is destined for use by Dacia owners whose cars have a carburetor engine. This type of gasoline, which does not contain any lead tetra ethylene anymore, does not result after burning in noxious fumes filled with lead and lead oxides which are damaging to human health and the environment.

EURO Standard Unleaded Gasoline is low in sulfur and is meant for use by engines with incorporated catalyst for the exhaust system.

EURO Plus Unleaded Gasoline is low in sulfur, and contains low quantities of olefins, benzene and other aromatics, thus being the equivalent, in point of quality, of the fuels marketed for EURO engines in Western Europe.

EURO Super 98 Unleaded Gasoline is, quality-wise, the top quality fuel for Euro engines. This type of gasoline has the lowest sulfur content (a maximum of 50 parts per million) and fulfills the most demanding environment protection requirements. It is meant for use in engines demanding high-octane fuels (higher compression margins).

EURO 3 Diesel is low in sulfur (a maximum of 350 parts per million) and will replace a type of diesel of maximum 500 ppm, thus decreasing polluting emissions of oxides. It is meant for all Diesel euro 3 compliant engines.

Super EURO 4 Diesel has a sulfur content of below 50 ppm and is compliant to all European standards. It is meant for Diesel engines furbished with catalytic systems for reducing emissions, compliant to Euro 4 pollution standards and with a cetanic count of min. 51.

Production

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Production Costs - $/ton

26.22

20.6817.44

33.80

20.0321.4421.3021.8120.2321.1223.93

20.4023.25

0.00

5.0010.0015.0020.0025.0030.0035.00

jan

feb

march

april

may

june

july

august

sept

oct

nov

dec

jan

Month/2003

Production costs $/to

Production

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Product allocation – sales to clients, raw materials to other group companies

4% 2%

9 4 %

Other Finished Products Feedstock for Vega Feedstock for Petrochemicals

Production

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Operating costs

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Operating expenses

Operating Costs

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Evolution of total consumption and losses of materials from raw materials to finished products

5.69

8.19

9.94

5

6

7

8

9

10

11

2001 2002 2003

perf

orm

ance

%c o n su m to ta l

Operating Costs

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Reduced MTBE volumes

Evolution % MTBE in unleaded gasoline

13.148

7.2978.488

6.276

0

2

4

6

8

10

12

14

2001 2002 2003 Dec-03

% M

TBE

%MTBE in b z.fa ra p b

Operating Costs

Note: MTBE averages $ 460/ton

Saves $ 30 m per year

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Staff

No. Staff Rompetrol Rafinare

3554 35683373 3372

2943

2296 2240 22051961 1844 1843

1446 1446 1475 1467 1469 1467

3574

18361458

0

1000

2000

3000

4000

Ian 20

01Marc

hMay Ju

lySep

tNov

Ian 20

02Marc

hMay Ju

lySep

tNov

Ian 20

03Marc

hMay Ju

lySep

tNov Dec

Ian 20

04

Optimized staff/production ratio

Operating Costs

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Upgrade projects - ongoing

Nr.crt.

Project Investment value (USD)

Yearly savings (USD)

1 Digital Control System: automated installation monitoring

23,000,000 12,000,000

2 Upgrade of the raw material transportation main routes

1,300,000 900,000

3 Upgrade of the water supply system 550,000 290,000

4 Maximize MTBE flow 325,000 244,000

Operating Costs

2003 investment projects- completed

1 In-line blending system 6,800,000 2,800,000

2 Upgrade Midia Port 4,000,000 4,500,000

3 Upgrade Coking installation 2,300,000 1,500,000

Note: Short payback periods

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Investment

13,901,476

5,168,067

21,129,92812,098,044

6,513,695

62,074,683

18,630,355

6,721,951

49,438,265

010,000,00020,000,00030,000,00040,000,00050,000,00060,000,00070,000,000

USD

2001 2002 2003

Year

Investment figures

Technological investmentEnvironmental investementCapital contribution

Operating Costs

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Productivity increase/ staff numbers

Productivity and performance increase

9,00546,470

46

313

1

10

100

1,000

10,000

100,000

2001 2003

Year

Gross revenues/no. ofemployees

Gross revenues/h/employeeOperating Costs

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Sales and distribution

Sales & Distribution

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Evolution of overall sales


The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Evolution of gasoline sales


The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Evolution of diesel sales


The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Off-takers - international

• Litasco• Vitol SA• Rompetrol Bulgaria• Glencore International AG• Rompetrol Moldova


Off-takers - domestic

• Rompetrol Downstream• Romoil• OMV• Shell Romania• Grivco

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Summary Financials

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Key Figures

USD Million ROL Billion

2002 2003 2002 2003Gross Revenues 876 1,038 28,948 34,311 EBITDA (87) 10 (2,891) 324 EBIT (110) (32) (3,635) (1,063) EBT (112) 87 (3,695) 2,879 Net result (112) 87 (3,695) 2,879

Current Assets 405 448 13,574 14,597 Current Liabilities 588 250 19,693 8,156 Total Assets 841 919 28,188 29,949 Share Capital 425 536 14,230 17,464 Shareholders' Equity 245 565 8,198 18,417 Total Liabilities 597 354 19,990 11,532

Average exchange rate 33,055 33,200 Year-end exchange rate 33,500 32,595

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Financial Ratios

USD Million ROL B

2002 2003 2002Gross Revenues 876 1,038 28,948 EBITDA (87) 10 (2,891) EBIT (110) (32) (3,635) EBT (112) 87 (3,695) Net result (112) 87 (3,695)

Current Assets 405 448 13,574 Current Liabilities 588 250 19,693 Total Assets 841 919 28,188 Share Capital 425 536 14,230 Shareholders' Equity 245 565 8,198

9.5%15.4%

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

EBITDA Evolution

(36)

(87)

10

80

(100)

(80)

(60)

(40)

(20)

-

20

40

60

80

100

2001 2002 2003 2004 (budget)Mill

ion

USD

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Revenues Evolution

1,481

520

876

1,038

-

200

400

600

800

1,000

1,200

1,400

1,600

2001 2002 2003 2004 (budget)

Mill

ion

USD

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Situation of debt payments

182221

417

1762

138

-1562

190

372

-50

100150200250300350400450

Jan 2001 Dec-01 2002 2003

Mill

ions

USD

Debt due to state budget Penalties due Paid to the State Budget

Historic Debt

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Evolution of debt vs turnover

2000 2001 2002 2003

Turnover

70% 51% 46%0.01%

256.182.859 US$

435.437.204 US$

915.459.374 US$

1.029.085.283 US$

DebtHistoric Debt

Historic debt

EGO no. 118/ 24.10.2003, Official Gazette no. 755/28.10. 2003 enables Rompetrol Rafinare SA to issue 22.812.098 nominal bonds, face value Euro 25 each, interest EURIBOR for 12 months plus 1,5% yearly, Bonds will become due (and convert to equity shares) after 7 years on September 30, 2010.

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Contribution to state budget

Taxes paid to state budget

15,30061,900

190,400

371,600

0

50,000100,000

150,000

200,000

250,000300,000

350,000

400,000

Year 2000 Year 2001 Year 2002 Year 2003

000'

USD

Historic Debt

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance


The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

• Increase the functional capacity from 3.5 mta in 2003 to 4.0 mta in 2004

• Decrease average cash conversion cost, including logistic & transportation, per ton from $22 to $18

Strategic Objectives

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Future development of Rompetrol Rafinare depends on the completion of major strategic objectives:

• To improve quality and performance in order to become the leading low-cost provider of oil products in the Balkan area;

• To increase quantity of refined products and further increase euro standard compliance;

• To continue to comply with increasingly stringent environment regulations (Romanian and European);

• To cut the cost of raw material supply and increase product exports to foreign partners by maximizing operations in the Midia Port;

• To continually decrease utilities costs thus increasing production value and efficiency.

These objectives will be achieved by:

• A 6.6 mil USD investment in an inline blending unit, the first of its kind in Romania. This installation was completed in July 2003 and has been instrumental in reducing costs and providing Euro quality products;

• The revamp and upgrade of the Midia CET (Thermoelectric Unit) to reduce utilities costs;• The implementation of the Digital Control System all throughout the refinery (DCS);

• The installation of a buoy terminal in the Midia Port vicinity to reduce loading and unloading costs;Strategic Objectives

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Stock exchange performance

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Stock Market Data

Rompetrol Rafinare – trading symbol PTRM – was traded on RASDAQ until November 11 of 2003 when the company was suspended from trading for a share capital increase and the subsequent listing to the Bucharest Stock Exchange (BVB).

The stock underwent a split on January 16, 2004.

Pre split face value was 214,220 ROL per share and the number of shares traded was 73.861.901

Post split, Rompetrol Rafinare stock face value was 1000 ROL/ share and the number of shares traded was 17.463.507.667

SE Performance

The Rompetrol Group

History

Operations




Crude Supply

Production

Operating Costs


Summary Financials

Historic Debts


Past SM Performance

Stock price history

Last trading day Tuesday, November 11, 2003Last price 75,000 Lei

Stock Price History

010,00020,00030,00040,00050,00060,00070,00080,000

Mar-03

Apr-03

May-03

Jun-03

Jul-03

Aug-03

Sep-03

Oct-03

Nov-03

Month 2003

RO

L

SE Performance

Max last 52 weeks 75,147 ROLMin last 52 weeks 31,000 ROL

history launch on bucharest stock exchange · rompetrol committed itself to a sustained...

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