With this section, the length of the railways used in the refinery has reached almost 50 km. Around three quarters of the railways in Petrobrazi have been modernized during the past ten years. The investments for these modernizations (including maintenance works) exceed EUR 50 million, according to OMV Petrom.
”We use railway transportation for a significant part of fuel production at Petrobrazi. The fuel is loaded into tank wagons in the refinery and the Petrobrazi railway links to the public network. Afterwards, fuels are transported to our terminals across the country, where they are then distributed to filling stations. In the past years, we have put a lot of effort into optimizing this fuel path in terms of logistics. The inauguration of this new railway section will allow us to reduce costs even more due to reducing the maneuver time needed, and will contribute to increasing the safety of operations.” says Neil Anthony Morgan, member of the OMV Petrom Executive Board, responsible for Downstream Oil.
The new railway section built near the cocker unit interconnects with four other existing tracks, thus making it easier to maneuver the train wagons. By easing traffic in the area and increasing the safety of operations, this project is estimated to have a positive impact on the local community. More than 50,000 wagons of oil products are loaded annually in Petrobrazi refinery.
After privatization (2005-2016), investments in Petrobrazi refinery totaled EUR1.2 billion, of which around EUR600 million was invested in the modernization program that took place between 2010 and 2014. With a refining capacity of 4.5 million tons per year, Petrobrazi can process the entire crude production of OMV Petrom in Romania.
OMV Petrom is the largest integrated oil and gas group in Southeastern Europe, with an annual oil and gas production of approximately 64 million barrels of oil equivalent (boe) in 2016. The Group has a refining capacity of 4.5 million tons / year and operates an 860 MW high efficiency power plant and a 45 MW wind park (the latter’s sale ongoing). The group is present on the oil products retail markets in Romania and neighboring countries through 784 filling stations, as at end March 2017, under two brands – Petrom and OMV.
OMV, one of Austria’s largest listed industrial companies, holds a 51.01% stake in OMV Petrom. The Romanian state, via the Ministry of Energy, holds 20.64% of OMV Petrom shares, Fondul Proprietatea holds 12.57%, and 15.79% is free float on the Bucharest Stock Exchange and London Stock Exchange.