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SOcAR President to
visit Romania
President of State Oil Company of Azerbaijan
(SOCAR) Rovnag Abdullayev is
to visit Romania to open a number of new
petrol stations there. “We are interested
in the Romanian market for sale of petrochemicals
to be produced at our refinery
in Izmir. But Romania is just one of the
markets we are targeting”, Abdullayev said.
“In a couple of years SOCAR’s network of
petrol stations in Romania will total 300
stations from the current 15.”
OMv to increase investments
in Turkey
OMV is set to increase its investments in
Turkey, forecasted to be the third largest
electricity and the fourth largest gas market
in Europe by 2020, according to its CEO
Gerhard Roiss. The Austrian company is
involved in the fuel retailing business in
Turkey through its acquisition of Petrol
Ofisi shares, now owning a 97 percent
stake, and is building a gas-fired power
plant on Turkey’s Black Sea coast. OMV is
also a partner of the Nabucco Gas Pipeline
Project that is designed to transport gas
from supplier countries in the Caspian
region to European consumers. “OMV
regards the Nabucco as a gas highway
with room to increase capacity,” said
Roiss and mentioned Turkmenistan as a
possible supplier, also expressing gratitude
to the Turkish government for its support
for the project.
Maxols’ quality fuel
campaign ‘best in UK’
Leading service station retailer Maxol
has picked up an award for the Best Oil
Company initiative for its ‘Fuels You Can
Trust’ campaign at the Forecourt Trader
Awards 2011.
Steven Turner, Regional Retail Manager
and Brian Donaldson, General Manager
Marketing and Retail, Maxol said “The
‘Fuels You Can Trust’ initiative provides
motorists with a visible guarantee that
motor fuel purchased from Maxol service
stations bearing the (Fuels You Can Trust
Logo) is a genuine quality fuel and fully
complies with UK, EU and Irish Fuel
specifications. Each year, thousands of
motorists, many unwittingly, put illegal
fuel that has been tampered with in their
cars which ultimately causes damage
to their engines and is expensive to fix”.
Russia suggests splitting integrated oil majors
Russia’s Federal Antimonopoly Service has
suggested dividing vertically-integrated oil
companies into oil production, retail, and
wholesale divisions, the antitrust service’s
Director Igor Artemyev said. “This would be
the absolutely correct measure, which must be
prepared well, of course not in the expropriation
scenario but a sale of the businesses for a
normal market price. It would have a significant
Olerex expect fewer retailers in 2020
Estonian fuel retailer Olerex’s council chairman
Antti Moppel estimates that the number of large
fuel retail sellers will decrease in Estonia year
after year and in ten years the market could be
in the hands of four bigger sellers. Currently
Ukraine & Azerbaijan consider supplying
Kremenchuk refinery
The National joint-stock company Naftogaz
Ukrainy is having talks with Azerbaijan on
oil supplies for processing at the Kremenchuk
oil refinery, the deputy board chairman of
Naftogaz, Vadym Chuprun has said, also
adding that a company delegation visited
Azerbaijan recently, but a final agreement has
not yet been reached. The State Oil Company
of the Azerbaijan Republic (SOCAR) supplies
the Kremenchug refinery, and two Western
dcc acquires TOTAL assets in 67 million euro deal
Diversified group DCC has agreed to pay
67 million euro to extend its footprint in the
UK by buying assets belonging to French oil
giant TOTAL. DCC said it had reached a
conditional agreement with Rontec Investments
– a consortium led by British property
mogul Gerald Ronson that earlier this year
inked a deal to buy 810 service stations
from TOTAL – to acquire a number of
Repsol assist redevelopment
Executives from Spain’s Repsol energy company
have been meeting in Libya with oil
officials to map out plans for bringing the war
torn nations petroleum industry back online.
Kristian Rix at Repsol said the meetings with
Libya’s National Oil Corporation were aimed
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impact”, Artemyev added. Also, Artemyev said
that vertically-integrated oil companies practically
destroy independent retail selling in the
regions, and the proposed division could tackle
the issue. Moreover, the antitrust service has
suggested that the Russian government should
substantially limit the retail market share of
vertically-integrated oil companies to no more
than 35 percent on regional markets.
the Estonian fuel retail market concentration is
5.7, which means that 85 percent of the market
is under the control of five larger companies
and 10 percent is distributed between small
retailers, meaning that in global sense, Estonian
market consolidation is at an average level, said
Moppel at the Äripäev seminar “Fuel market
possibilities, effects, competition and alternatives.”
Moppel said that the public opinion is
that irrespective of what statistics show, it is
felt that market concentration is big in Estonia.
refineries – Nadvoryan and Drogobych. According
to the Ukrainian Energy and Coal
Industry Ministry, deliveries of Azerbaijani
oil to the Kremenchug refinery increased by
2.1 times in 2010 – up to 1.614 million tons
compared to 2009. SOCAR delivers oil to the
Kremenchuk refinery for processing and then
gets the processed oil for further sale. According
to company plans, about 1 000 SOCAR
gas stations will open in Ukraine by 2025.
fuel distribution assets that were under the
TOTAL umbrella. Those assets are based in
Britain, the Channel Islands and the Isle of
Man. DCC said the acquired business sold
1.5 billion litres of fuel in 2010. The deal
includes a transport, commercial and homeheating
oil distribution business with sales
volumes of about 670 million litres with a
fleet of 200 delivery trucks.
at determining how to “return the Libyan
oil industry back to normality” whilst also
evaluating the condition of it’s assets and
infrastructure. At least five foreign oil and
gas companies are back in Libya to work on
resuscitating production.