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.[2] Until November 2007 the company paid debts worth around US$380 million[3] 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 operating licence, as the facility could not comply with environmental legislation requirements. It entered insolvency in 2014 and in September 2019 it went bankrupt after the plan for its restructuring failed.
The majority shareholder, Petrochemical Holding, registered in Austria and owned by Russian investor Iakov Goldovski is owed around EUR 71 million. The refinery was placed on the market before being sold to Romanian railway transport group Grampet for EUR 6 million for use as a logistics hub.[4]
^"A fost pronunţat falimentul companiei RAFO". gandul.info.
^Calder-A va plati datoriile Rafo catre Ministerul Finantelor pana la 20 februarie (in Romanian)
^Rafo Onesti si-a platit datoriile (in Romanian) Archived 2007-05-28 at archive.today
^"Romanian railway group takes over bankrupt refinery Rafo to turn it into logistics hub". 28 July 2020.
External linksedit
Official site (in English)
April 16, 2024
rafo, onești, this, article, needs, updated, please, help, update, this, article, reflect, recent, events, newly, available, information, july, 2019, rafo, oneşti, largest, refineries, romania, eastern, europe, with, annual, total, refining, capacity, million,. This article needs to be updated Please help update this article to reflect recent events or newly available information July 2019 RAFO Onesti 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 RAFO Onești File image size 200px type public frameless upright 1 Traded asBVB RAFIndustryOil refiningFounded1956Defunct2019 2019 1 HeadquartersOnesti RomaniaKey peopleMarin Anton CEOProductsOil productsRevenueUS 482 million 2007 Number of employees2 600 2007 Websiterafo roThe 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 2 Until November 2007 the company paid debts worth around US 380 million 3 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 operating licence as the facility could not comply with environmental legislation requirements It entered insolvency in 2014 and in September 2019 it went bankrupt after the plan for its restructuring failed The majority shareholder Petrochemical Holding registered in Austria and owned by Russian investor Iakov Goldovski is owed around EUR 71 million The refinery was placed on the market before being sold to Romanian railway transport group Grampet for EUR 6 million for use as a logistics hub 4 See also editBorzești Petrochemical PlantReferences edit A fost pronunţat falimentul companiei RAFO gandul info Calder A va plati datoriile Rafo catre Ministerul Finantelor pana la 20 februarie in Romanian Rafo Onesti si a platit datoriile in Romanian Archived 2007 05 28 at archive today Romanian railway group takes over bankrupt refinery Rafo to turn it into logistics hub 28 July 2020 External links editOfficial site in English Retrieved from https en wikipedia org w index php title RAFO Onești amp oldid 1167958126, wikipedia, wiki, book, books, library,
