RAFO Onești
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RAFO Onești
RAFO Oneşti was one of the largest oil refineries in Romania and Eastern Europe with an annual total refining capacity of 3.5 million tonnes of oil. The refinery was privatised in 2001 with the major stock of 60% being sold to Imperial Oil and Canyon Servicos for around US$7.5 million. The British company Balkan Petroleum bought the refinery from those companies in 2003. In November 2006, Calder - A bought the refinery and paid all its debts to the state budget. Until November 2007 the company paid debts worth around US$380 million and increased the capital by US$860 million. The company also operated a chain of 290 gas stations, of which it owned 45, the rest being business associations. In 2007, Petrochemical Holding GmbH acquired 98% of the company's shares, later the debts of RAFO were swapped for equity. As a result, Petrochemical Holding GmbH became 96.5% shareholder of RAFO. In 2008, the company stopped production, because it was no longer possible to renew its operat ...
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Romania
Romania is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern and Southeast Europe. It borders Ukraine to the north and east, Hungary to the west, Serbia to the southwest, Bulgaria to the south, Moldova to the east, and the Black Sea to the southeast. It has a mainly continental climate, and an area of with a population of 19 million people. Romania is the List of European countries by area, twelfth-largest country in Europe and the List of European Union member states by population, sixth-most populous member state of the European Union. Europe's second-longest river, the Danube, empties into the Danube Delta in the southeast of the country. The Carpathian Mountains cross Romania from the north to the southwest and include Moldoveanu Peak, at an altitude of . Bucharest is the country's Bucharest metropolitan area, largest urban area and Economy of Romania, financial centre. Other major urban centers, urban areas include Cluj-Napoca, Timiș ...
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Marin Anton
Marin or Marín (Italian "sailor") may refer to: People * Marin (name), including a list of persons with the given name or Italian surname. * MaRin, in-game name of professional South Korean ''League of Legends'' player Jang Gyeong-hwan (born 1991). Places U.S. * Marin City, California * Marin County, California * Marin Creek, California * Marin Headlands, California * Marin Hills, in southern Marin County, California * Marin Islands, California * Marin, California, former name of Point Reyes Station, California Elsewhere * Marin River, a river in Venice, Italy. * Le Marin, a commune in the French overseas department of Martinique * Marin, Haute-Savoie, a commune in France * Marin, Iran, a village in Kohgiluyeh and Boyer-Ahmad Province, Iran * Marín, Nuevo León, a town and municipality in Mexico * Marín, Pontevedra, a municipality in Galicia, Spain * Marin, a village in Crasna Commune, Sălaj County, Romania * Marin Rural Municipality, a municipality in Bagmati Province, ...
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Oil Refining
An oil refinery or petroleum refinery is an industrial processes, industrial process Factory, plant where petroleum (crude oil) is transformed and refining, refined into products such as gasoline (petrol), diesel fuel, Bitumen, asphalt base, fuel oils, heating oil, kerosene, liquefied petroleum gas and petroleum naphtha. Petrochemical feedstock like ethylene and propene, propylene can also be produced directly by Cracking (chemistry), cracking crude oil without the need of using refined products of crude oil such as naphtha. The crude oil feedstock has typically been processed by an oil production plant. There is usually an oil depot at or near an oil refinery for the storage of incoming crude oil feedstock as well as bulk liquid products. In 2020, the total capacity of global refineries for crude oil was about 101.2 million barrels per day. Oil refineries are typically large, sprawling industrial complexes with extensive piping running throughout, carrying streams of fluids b ...
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Eastern Europe
Eastern Europe is a subregion of the Europe, European continent. As a largely ambiguous term, it has a wide range of geopolitical, geographical, ethnic, cultural and socio-economic connotations. Its eastern boundary is marked by the Ural Mountains, and its western boundary is defined in various ways. Narrow definitions, in which Central Europe, Central and Southeast Europe are counted as separate regions, include Belarus, Russia and Ukraine. In contrast, broader definitions include Moldova and Romania, but also some or all of the Balkans, the Baltic states, the Caucasus, and the Visegrád Group, Visegrád group. The region represents a significant part of Culture of Europe, European culture; the main socio-cultural characteristics of Eastern Europe have historically largely been defined by the traditions of the Slavs, as well as by the influence of Eastern Christianity as it developed through the Byzantine Empire, Eastern Roman Empire and the Ottoman Empire. Another definition was ...
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Privatization
Privatization (rendered privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous natio ...
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Imperial Oil
Imperial Oil Limited () is a Canadian petroleum company. It is Canada's second-largest integrated oil company. It is majority-owned by American oil company ExxonMobil, with a 69.6% ownership stake in the company. It is a producer of crude oil, diluted bitumen, and natural gas. Imperial Oil is one of Canada's major petroleum refiners and petrochemical producers. It supplies Esso-brand service stations. Imperial owns 25% of Syncrude, which is one of the world's largest oil sands operations. It also has holdings in the Alberta Oil Sands, and operates the Kearl Oil Sands mining operation with ExxonMobil. Imperial Oil is headquartered in Calgary, Alberta. It was based in Toronto, Ontario, until 2005. Most of Imperial's production is from its natural resource holdings in the Alberta oil sands and the Norman Wells oil field in the Northwest Territories. Imperial Oil was ranked 34th in the Arctic Environmental Responsibility Index (AERI) for 2021 out of 120 mining, oil, and g ...
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United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The UK includes the island of Great Britain, the north-eastern part of the island of Ireland, and most of List of islands of the United Kingdom, the smaller islands within the British Isles, covering . Northern Ireland shares Republic of Ireland–United Kingdom border, a land border with the Republic of Ireland; otherwise, the UK is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. It maintains sovereignty over the British Overseas Territories, which are located across various oceans and seas globally. The UK had an estimated population of over 68.2 million people in 2023. The capital and largest city of both England and the UK is London. The cities o ...
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United States Dollar
The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish dollar, Spanish silver dollar, divided it into 100 cent (currency), cents, and authorized the Mint (facility), minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The U.S. dollar was originally defined under a bimetallism, bimetallic standard of (0.7734375 troy ounces) fine silver or, from Coinage Act of 1834, 1834, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its equivalence to gold was revised to $35 per troy ounce. In 1971 all links to gold were repealed. The U.S. dollar became an important intern ...
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Borzești Petrochemical Plant
Borzeşti Petrochemical Plant (formerly GIP - Borzeşti Petrochemical Industrial Group) is an industrial complex consisting of five large-scale plants: Carom Onești, Synthetic Rubber and Petrochemicals Complex, RAFO Onești, No. 10 Oil Refinery, Chimcomplex, Borzești Chemical Plant, Borzești Power Station, Borzești Power Plant and Uton, Chemical Equipment Company, being the largest industrial complex in Bacau County, Bacău County and the largest unit of its kind in Romania, which covers an area of , with an average length of and a width of . It is located on the Trotuș River, Trotuș Valley, on the northeastern outskirts of Onești (named between 1965 and 1990 ''Gheorghe Gheorghiu-Dej''). Its construction began in 1952 and the first plants were put into operation in 1956 at the RAFO Onești, No. 10 Oil Refinery. On April 1, 1969, the three distinct plants on the industrial platform in Borzeşti merged into the giant "Petrochemical Industrial Group Borzeşti" complex, and i ...
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Oil And Gas Companies Of Romania
An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) and lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated lipids that are liquid at room temperature. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal, vegetable, or petrochemical in origin, and may be volatile or non-volatile. They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents. Etymology First attested in English 1176, the word ''oil'' comes from Old French ''oile'', from -4; we might wonder whether there's a point at which it's appro ...
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