Slovnaft

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

Slovnaft a.s.
TypePublic
IndustryOil and gas industry
Founded1949
Headquarters
Bratislava
,
Slovakia
Key people
Oszkár Világi (CEO)
ProductsPetrol
Diesel fuel
Bitumen
ServicesFilling station
Oil refinery
Number of employees
~3,700
ParentMOL Group
Websitewww.slovnaft.sk
Slovnaft with bridges
New polypropylene plant PP3
Slovnaft Arena Bratislava

History

Slovnaft is the successor of the Apollo company, which was established in 1895 in Bratislava and whose refinery was bombarded by the Allies in June 1944. It was located near today's Apollo Bridge. 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 Republic government on 1 January 1949.

In 1995, it bought its domestic competitor Benzinol.[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 across the Slovak Republic 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 a sponsor of the senior league competition since 2007. The largest ice hockey arena in Bratislava is named Slovnaft Arena. It is the main partner of the Slovak Cup, now named Slovnaft Cup.

See also

References
  1. Jancarikova, Tatiana (2016-11-15). "Slovnaft to invest $500 million by 2020 to upgrade petrochemical unit". Reuters. 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. 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.
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