Romania Oil and Gas Downstream Market - Growth, Trends, and Forecasts (2020 - 2025)

The market is segmented by Refineries and Petrochemical Plants

Market Snapshot

Study Period:

2018-2025

Base Year:

2019

CAGR:

2 %

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Market Overview

The oil and gas downstream sector in Romania is expected to grow at a CAGR of more than 2% during the forecast period of 2020-2025. Factors, such as upgradation of the current downstream infrastructure and increasing investment in the refining and the petrochemical sector are expected to drive the market studied. However, on the flip side, the decreasing oil processing capacity from 35 million tons in 2000 to 13.5 million tons in 2018, due to less oil and gas processing infrastructure in the country. This, in turn, is expected to restrain the market during the forecast period.

  • The petrochemical segment is expected to be the most significant sector due to the industrialization of the chemical industry during the forecast period.
  • Digitalization and modernization of the refining and petrochemical sector are expected to reduce the refining costs and process losses. This, in turn, is expected to create an opportunity for the market in the coming years.

Scope of the Report

The Romania oil and gas downstream market:

Refineries
Market Overview
Key Projects Information
Petrochemical Plants
Market Overview
Key Projects Information

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Key Market Trends

Petrochemical Sector is Expected to Dominate the Market

  • Romania's government is planning to expand its petrochemical industry in the coming years. This growth can be attributed to the growing population in the country and an improvement in the living standards of the country. Even though renewable energy sources are gaining popularity around the country, petroleum fuel remains a major energy source.
  • This trend is expected to continue for the next few decades and benefit all the sectors of the petroleum industry. In 2018, Rompetrol Raffinate and OMV Petrom announced that they will continue investing in the downstream sector.
  • In 2018, Rompetrol Rafinare, the only company in Romania operating petrochemical facilities, has announced the restart of the high-density polyethylene (HDPE) plant, on the platform of Petromidia refinery.
  • Further, at the end of 2018, OMV Petrom has also announced that it has explored the possibility to develop petrochemical activities at Petrobrazi refinery, by building a petrochemical plant, according to the strategy of Austria’s OMV for the period 2018-2025.
  • Thus, such development and the expansion projects in the country are expected to drive the downstream market in the country.

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Increasing Investment and Upgradation of Downstream Industry to Drive the Market

  • As of 2018, Romania ranks 11th in the world hierarchy of regional oil producers with proven reserves of 200 million tons of oil, without taking into consideration the oil potential of the Romanian Black Sea plateau area, under current exploration.
  • The increasing production of gas and oil is expected to increase the refinery capacity of the country. For instance, in September 2019, KazMunaiGas International (KMGI) announced that they are planning to double the production capacity at the Petromidia Refinery. The investment for the expansion of refinery will be around USD 2 billion and the capacity is expected to be reach around 10 million tonnes per year.
  • Furthermore, in April 2019, a new PolyFuel unit started at the Petrobrazi refinery. The PolyFuel unit of Petrobrazi refinery is the first of its kind valorizing C4 and C5/C6 fractions into high-quality gasoline and middle distillates, increasing the overall production of these products.
  • Therefore, the aforementioned developments are expected to drive the Romania oil and gas downstream market during the studied period.

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Competitive Landscape

The Romania oil and gas downstream market is moderately fragmented. Some of the key players are OMV Petrom S.A., Rompetrol S.A. Lukoil Oil Company, KMG International, and Total S.A.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. EXECUTIVE SUMMARY

  3. 3. RESEARCH METHODOLOGY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Oil Proven Reserves in thousand barrels per day, 2010-2018

    3. 4.3 Refining Capacity and Forecast in million barrels per day, till 2025

    4. 4.4 Recent Trends and Developments

    5. 4.5 Government Policies and Regulations

    6. 4.6 Market Dynamics

      1. 4.6.1 Drivers

      2. 4.6.2 Restraints

    7. 4.7 Supply Chain Analysis

    8. 4.8 PESTLE Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Refineries

      1. 5.1.1 Market Overview

      2. 5.1.2 Key Projects Information

    2. 5.2 Petrochemical Plants

      1. 5.2.1 Market Overview

      2. 5.2.2 Key Projects Information

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 OMV Petrom S.A.

      2. 6.3.2 Rompetrol S.A.

      3. 6.3.3 Lukoil Oil Company

      4. 6.3.4 Total S.A.

      5. 6.3.5 Serinus Energy Company

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

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