“At the end of 2011, the group had 7,418 employees, 1,088 of whom worked in Rompetrol Rafinare (Petromidia Navodari refinery and Vega Ploiesti refinery). The Rompetrol group currently has 7,314 employees, 977 of whom work at Rompetrol Rafinare,” said Rompetrol officials.
While in 2007, according to Rompetrol’s website, the group had 8,000 employees, in 2009, when KazMunayGas became the sole shareholder, the company already had 9,600 employees. Today, Rompetrol has almost 2,300 fewer employees than in 2009.
The group developed by businessman Dinu Patriciu was taken over in two stages by Kazakh state-run company KazMunayGas, in 2007 and 2009. Since it bought Rompetrol, the Kazakh company has lost over EUR665 million from Rompetrol Rafinare (Petromidia) alone, although it has invested over $4 billion in Rompetrol, an amount that also includes the acquisition price.
Last year, the refinery posted losses of EUR170 million, but the company’s sales went up by 43% in 2011 to 10.2 billion lei (EUR2.4 billion).
KazMunayGas announced on Tuesday it had appointed Zhanat Tussupbekov as the new chief executive officer of Rompetrol.
(English version by Daniela Stoican)