On 26th of October 2018, KazMunayGas International (KMGI), owner of the Rompetrol brand, and Societatea de Administrare a Participaţiilor în Energie (SAPE) have signed the association agreement for the establishment of The Kazakh-Romanian Energy Investment Fund, in accordance with the provisions of the Memorandum of Understanding signed between the Romanian State and KMGI.
The mission
The mission of the Kazakh Romanian Energy Investment Fund is to implement energy projects, contribute positively to the development of the Romanian energy sector and create value to its shareholders.The company has two major directions of investments currently ongoing
The development of the retail sector
The new filling stations will be operated under the Rompetrol brand and standards and will lead to the creation of more than 1000 new jobs, with a significant number of people being involved in various development stages (design, execution, building) and commercial activities.
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Cogeneration plant
The new plant will have a major role in stabilizing the production and distribution of electricity in the Dobrogea region, by ensuring the energy needs of the platform, but also by injecting the surplus electricity into the national system.
We want this investment and implicitly the contribution of “state of the art” technology to be an example for attracting new investors, continuing the program of construction and modernization of production units, reducing energy imports and improving Romania's position in the regional energy market.
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About Our Shareholder
National Company “KazMunayGas” is a leading vertically integrated oil and gas company in Kazakhstan.Founded in 2002, the Company represents the Republic of Kazakhstan’s interests in the national oil and gas industry.
Operations
From trading and supply chain to refining and petrochemicals, retail and industrial services, Rompetrol runs an end-to-end operational model that covers 11 countries on 2 continents.
Business indicators
Rompetrol contributes through all its local assets to the energy security of Romania.It provides the second largest reserve of oil products and crude oil of the regulated safety stocks.