Slovnaft

Last updated
Slovnaft a.s.
Company type Public
Industry Oil and gas industry
Founded1949
Headquarters,
Key people
Oszkár Világi (CEO)
Products Petrol
Diesel fuel
Bitumen
Services Filling station
Oil refinery
Revenue3,798,000,000 Euro (2018)  OOjs UI icon edit-ltr-progressive.svg
106,200,000 Euro (2018)  OOjs UI icon edit-ltr-progressive.svg
Number of employees
~3,700
Parent MOL Group
Website www.slovnaft.sk
Slovnaft with bridges Slovnaft with bridges.JPG
Slovnaft with bridges
New polypropylene plant PP3 Slovnaft - new polypropylene plant PP3.JPG
New polypropylene plant PP3

Slovnaft is an oil refining company in Slovakia. The company, located in Bratislava, is a subsidiary of MOL Group. [1]

Contents

History

Slovnaft is the successor of the Apollo company. Apollo was established in 1895 in Bratislava. Its refinery was bombarded by the Allies in June 1944. Bratislava Apollo Bridge built over Danube is in proximity to the Apollo refinery historical site. The Slovnaft refinery started to be built in 1949.

On 1 May 1992, Slovnaft was reorganized as a joint-stock company, as successor to a state enterprise formed by the Czechoslovak government on 1 January 1949.

Acquisition of Benzinol, its domestic competitor, took place in 1995. [2]

Since 2000, Slovnaft has been affiliated with the MOL Group. [3]

Operations

Refining

Slovnaft refines 5.5 to 6 million tonnes of crude oil per annum and produces a broad range of motor fuels, fuel oils and petrochemical products.

Petrochemicals

Slovnaft Petrochemicals, s.r.o., represents the Petrochemicals Division of Slovnaft Group. It produces polymers which are base materials with a broad range of uses.

Fuel retail

Slovnaft operates 208 filling stations in Slovakia and offers motor fuels and a broad range of other goods, as well as additional services through this retail network.

Power generation

CM European Power Slovakia, s.r.o., a Slovnaft Subsidiary, produces electricity, heat, and power.

Sponsorship

Slovnaft is the main partner of the Slovak Cup, now named Slovnaft Cup.

Environmental burden

Slovnaft's factory near Bratislava is a significant polluter of groundwater. To protect the waters of Žitný ostrov, a hydraulic wall of wells has been built east of the Slovnaft site, the polluted water of which is constantly being cleaned. [4]

See also

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References

  1. Jancarikova, Tatiana (2016-11-15). "Slovnaft to invest $500 million by 2020 to upgrade petrochemical unit". Reuters. Archived from the original on November 27, 2016. Retrieved 2016-11-27.
  2. Borish, Michael S.; Noël, Michel (1996). Private Sector Development During Transition: The Visegrad Countries, Parts 63–318. World Bank discussion papers. Vol. 318. World Bank Publications. pp. 53–54. ISBN   9780821335697.
  3. Meyer, K.; Estrin, S. (2006). Acquisition Strategies in European Emerging Markets. Springer. p. 194. ISBN   9780230286542.
  4. "B2 (013) / Bratislava - Ružinov - Slovnaft - širší priestor závodu - SK/EZ/B2/129 (Platný stav- register B)". Slovak Environment Agency. Retrieved 2024-08-14.