Slovnaft

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
Revenue3,798,000,000 (2018) Edit this on Wikidata
106,200,000 (2018) Edit this on Wikidata
Number of employees
~3,700
ParentMOL Group
Websitewww.slovnaft.sk
Slovnaft with bridges
New polypropylene plant PP3

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

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

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.

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