Tinmar Ind, the largest private electricity supplier in Romania, held by businessman Augustin Oancea, believes it will reach 3.5 billion lei (EUR780 million) revenue this year, an increase of 10% on 2015. The company relies on the announced entry on the household consumer segment and on a stronger position on the international market to achieve this growth.
Oscar Downstream, the largest independent oil company, which serves commercial customers and is held by businessman Alin Nicolae, ended the year with EUR430 million revenue, and expects an even better 2016, because it will continue expansion, according to the latest available information.
Its most important 2016 projects include the expansion of the filling station network by 10 new stations, adding five tanker trucks to its fleet and development of the product and service portfolio to cater to all types of customers.
Grup Servicii Petroliere of Constanta businessman Gabriel Comanescu had a hard 2015, due to the decline of the oil price and the subsequent investment freeze at oil companies, but thinks business will stabilize this year as it is negotiating contracts in Iran, Egypt and Russia for its offshore drilling rigs. Grup Servicii Petroliere posted $240 million revenue in 2015, down 40% on 2014 and believes it will be able to keep revenue flat in 2016.
Smart Diesel, a company based in Arad, posted RON546 million revenue in 2015, an increase of 25% on 2014. Smart Diesel is the largest filling station operator in Romania among the companies whose core business is retail sale of automotive fuel in specialized stores.
Smart Diesel is dedicated to internal and international transport companies and to all commercial fleet owners, regardless of the size of the fleet. It has a network of 22 filling stations in Romania and partnerships on markets like Austria, Slovenia, Belgium, Spain and Czech Republic. The company expects EUR148 million revenue this year.
Equipment suppliers and service providers to the energy sector, too, are optimistic about 2016, because of the rise in demand for power, which is an investment driver.
Romelectro, one of the largest energy sector contractors in Romania, expects revenue to reach RON256 million, the company said, 14% higher than last year. Romelectro’s business has shrunk in the past few years but the company hopes to see new contracts and regaining its position on foreign markets like Africa and the Middle East drive it back up. (EUR1=RON4.4882)
(English version by Loredana Fratila-Cristescu)