Adrian Petrus, vice president responsible for operational and strategic planning at Rompetrol, also known as TRG, said: TRG is pursuing its strategy to join the top European companies by 2010 and estimates to reach a turnover of over $10 billion in the next three years. Our current financial results make us confident this goal is achievable.
Our forecasts are based on organic growth and on the results achieved by TRG’s 40 subsidiaries, as well as on the competitive management style, Mr Petrus continued.
The company’s main refining unit, Rompetrol Rafinare, saw second quarter turnover of $720 million, compared to $654 in the same period of 2006. In addition, the unit’s EBITDA stood at $58 million, compared to $48 million a year earlier.
Rompetrol Rafinare’s strong Q2 performance was supported by the retail and petrochemical segments, better refining capacity utilization, and the timely completion of overhauls designed to ensure seamless functioning of the plant.
