1. Refining and Petrochemicals - Rompetrol.com

Rompetrol Ukraine
Market context in 2010
The motor fuels market of Ukraine in 2010 was marked by a
dramatic presence of a tax-free company which imported
through court decisions around 15% of imported RON
95 gasoline without paying excise and VAT and by an
unprecedented smuggling amounting around 6% of Ukraine
RON 95 consumption. These events discriminated the legal
importers and undermined the principles of fair competition.
2010 Key Achievements:
Rompetrol Ukraine has continued its trading operations,
importing and selling Rompetrol Rafinare products, mainly
Euro Plus Gasoline RON 95 50ppm. Rompetrol Rafinare through
Rompetrol Ukraine is the biggest Romanian exporter into
Ukraine of RON 95.
• Becoming the fourth largest importer of RON 95 on
the Ukrainian market. The quantity of RON 95 imported to
Ukraine exceeded 105 KT, the company’s share representing
approximately 9% of the total volumes of RON 95 imported by
Ukraine or around 5% of total RON 95 consumption
• From a financial point of view, despite the harsh condition
of doing business, the company’s EBITDA registered USD 0,6
million and the company repaid USD 0.5 million USD of its loan
to The Rompetrol Group N.V.
Trading « Rompetrol Annual Report 2010 // 14
The trading activity has been carried out through new locations:
one Black Sea terminal located in Kherson, one Danube-river
terminal near Ismail and three in-land depots, two of them
located in the Odessa region and one in the Vinnitsa region.
The fuel was sold on CPT terms, delivering by railway the
product to the clients’storages, although in 2010 the company
developed the FCA sales loading at the terminals and
warehouses the product to the clients’fuel trucks.
The development of the retail station network remains an
essential activity for 2011 for Rompetrol Ukraine.
During 2010, no other filling stations were built besides the
existing 2: 1 COCO & 1 DOCO stations.
2011 Key Objectives:
• Identifying and providing the logistic infrastructure needed to
secure the nationally and regionally traded fuel deliveries;
• Increasing the efficiency of the logistic chain and
implementing delivery methods;
• Developing new market opportunities, both in trading and
retail.
In 2011, Rompetrol Ukraine aims to further consolidate its
position on the Ukrainian market of quality fuel distribution,
especially in the Southern and South-Eastern areas of the
country, an important commercial area for the company’s
development.
RPT_2010 Annual Report_1024x768.indd 14 22/11/2011 10:34 AM