Petromidia Refinery
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Petromidia Refinery
Petromidia Refinery is the largest Romanian oil refinery and one of the largest in Eastern Europe, located in Năvodari, Constanța County. It has an annual processing capacity of 4.8 million tonnes/year or . The refinery is supplied with oil through an oil terminal located in the Port of Midia that could accommodate ships up to or by a pipeline of which had a terminus in the Port of Constanța. History The refinery was founded in 1975 as the ''Midia Năvodari Petrochemical Factory'' on a plot of land located in Năvodari, Constanța County. The design and construction of the complex took two years and was based on Romanian technology and foreign licenses. Its launch was spurred by the 1973 oil crisis, following which Romanian dictator Nicolae Ceaușescu met with Mohammad Reza Pahlavi of Iran. The two agreed that Iran would become Romania’s supplier of crude oil, while Romania would send arms and security specialists. The arrangement involving cheap oil soon ended with the Ir ...
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Năvodari
Năvodari (, historical names: ''Carachioi''; ''Caracoium'', tr, Kara Koyum) is a town in Constanța County, region of Northern Dobruja, Romania, with a population of 32,400. The town formally includes a territorially distinct community, Social Group Peninsula, and administers the neighbouring village of Mamaia-Sat. Etymology The name of the town means "trawlers" in Romanian. History The settlement was mentioned for the first time in 1421 under the name ''Kara Koyun'' ("Black Sheep"), to be renamed later on ''Karaköy'' or ''Carachioi'' ("The Black Village"). In 1927, the locality was again renamed to ''Năvodari'' and after five years, on 15 August 1932, it was granted commune status. The town developed during the communist regime as part of the industrialization program. In 1957, the superphosphate and sulfuric acid plant, also known as USAS (''Uzina de Superfosfat si Acid Sulfuric'', Superphosphate and Sulfuric Acid Factory), whose construction had started in 1954, was ...
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Glencore
Glencore plc is a Swiss multinational commodity trading and mining company with headquarters in Baar, Switzerland. Glencore's oil and gas head office is in London and its registered office is in Saint Helier, Jersey. The current company was created through a merger of Glencore with Xstrata on 2 May 2013. , it ranked tenth in the Fortune Global 500 list of the world's largest companies. In the 2020 Forbes Global 2000, Glencore International was ranked as the 484th-largest public company in the world. As of July 2022, it is the world's largest commodity trader. As Glencore International, the company was already one of the world's largest integrated producers and marketers of commodities. It was the largest company in Switzerland as well as the world's largest commodities trading company, with a 2010 global market share of 60% in internationally tradable zinc, 50% in internationally tradable copper, 9% in the internationally tradable grain market and 3% in the internationally ...
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Oil Tanker
An oil tanker, also known as a petroleum tanker, is a ship designed for the bulk transport of oil or its products. There are two basic types of oil tankers: crude tankers and product tankers. Crude tankers move large quantities of unrefined crude oil from its point of extraction to refineries. Product tankers, generally much smaller, are designed to move refined products from refineries to points near consuming markets. Oil tankers are often classified by their size as well as their occupation. The size classes range from inland or coastal tankers of a few thousand metric tons of deadweight (DWT) to the mammoth ultra large crude carriers (ULCCs) of . Tankers move approximately of oil every year.UNCTAD 2006, p. 4. Second only to pipelines in terms of efficiency,Huber, 2001: 211. the average cost of transport of crude oil by tanker amounts to only US. Some specialized types of oil tankers have evolved. One of these is the naval replenishment oiler, a tanker which can fuel a ...
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Midia Oil Terminal
Midia Oil Terminal ( ro, Terminalul petrolier Midia) is an oil import-export terminal located offshore the Port of Midia in Constanța County, Romania. It is one of the biggest oil terminals in the Black Sea that serves as a local hub for crude oil deliveries to the Romanian market. The terminal which started operations in 2008 belongs to the Rompetrol oil company which is owned by Kazakhstans national oil company KazMunayGas. The overall capacity of the import-export terminal is approximately of oil but used capacity is around . Tanker loading capacity is suitable for Suezmax tankers up to . The terminal serves as a supplier for the nearby Petromidia Refinery also owned by Rompetrol. The construction of the terminal started in 2006 and was completed by 2008 at a cost of US$150 million. See also *KazMunayGas *Rompetrol *Port of Midia The Port of Midia is located on the Black Sea coastline, approx 13.5 NM north of Constanța. It is one of the satellite ports of Constanța an ...
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Deutsche Welle
Deutsche Welle (; "German Wave" in English), abbreviated to DW, is a German public, state-owned international broadcaster funded by the German federal tax budget. The service is available in 32 languages. DW's satellite television service consists of channels in English, German, Spanish, and Arabic. The work of DW is regulated by the Deutsche Welle Act, meaning that content is intended to be independent of government influence. DW is a member of the European Broadcasting Union (EBU). DW offers regularly updated articles on its news website and runs its own center for international media development, DW Akademie. The broadcaster's stated goals are to produce reliable news coverage, provide access to the German language, and promote understanding between peoples. It is also a provider of live streaming world news which can be viewed via its website, YouTube, and various mobile devices and digital media players. DW has been broadcasting since 1953. It is headquartered in Bonn, ...
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Ministry Of Internal Affairs (Romania)
The Ministry of Internal Affairs of Romania ( ro, Ministerul Afacerilor Interne) is one of the eighteen ministries of the Government of Romania. From 23 August 1944 to 18 March 1975 the ministry held the title of ''Minister of Internal Affairs'', between 2004 and 2007, held the title of ''Minister of Administration and Interior'', and since April 2007, ''Minister of Interior and Administrative Reform''. In December 2008, the Boc government changed the name back to ''Ministry of Administration and Interior''. Until 2006, the ministry was housed near Lipscani in ''Palatul Vama Poştei'', built between 1914 and 1926 according to the architect Statie Ciortan's plans. In 2006 the ministry moved into the former building of the Senate on Revolution Square. Subordinated structures * Romanian Police * Romanian Inspectorate for Emergency Situations * Romanian Border Police * Romanian Gendarmerie * Romanian National Archives * General Directorate for Intelligence and Internal Securit ...
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Black Sea
The Black Sea is a marginal mediterranean sea of the Atlantic Ocean lying between Europe and Asia, east of the Balkans, south of the East European Plain, west of the Caucasus, and north of Anatolia. It is bounded by Bulgaria, Georgia, Romania, Russia, Turkey, and Ukraine. The Black Sea is supplied by major rivers, principally the Danube, Dnieper, and Don. Consequently, while six countries have a coastline on the sea, its drainage basin includes parts of 24 countries in Europe. The Black Sea covers (not including the Sea of Azov), has a maximum depth of , and a volume of . Most of its coasts ascend rapidly. These rises are the Pontic Mountains to the south, bar the southwest-facing peninsulas, the Caucasus Mountains to the east, and the Crimean Mountains to the mid-north. In the west, the coast is generally small floodplains below foothills such as the Strandzha; Cape Emine, a dwindling of the east end of the Balkan Mountains; and the Dobruja Plateau considerably farth ...
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Mamaia
Mamaia () is a resort on the Romanian Black Sea shore and a district of Constanța. Considered to be Romania's most popular resort,Robert Reid, Leif Pettersen, ''Romania & Moldova'', Lonely Planet, 2007, p. 294 Mamaia is situated immediately north-east of Constanța's city center. It has almost no full-time residents, being populated mostly during the summer. Mamaia lies on a strip of land in length and only in width, between the Black Sea and Lake Siutghiol. The beach season is at its best between mid June and early September, when average daytime temperatures range between . The water stays warm until mid autumn. Hotels range from mid-end to exclusive 4- and 5-star hotels and private clubs. There are also camping sites in the north. The 11th reunion of the Central European heads of state took place in Mamaia on 27–28 May 2004. Climate The district of Mamaia has a humid subtropical climate (Köppen climate classification: ''Cfa'') bordering an oceanic climate (''Cfb'') wi ...
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World Refining Association
In its most general sense, the term "world" refers to the totality of entities, to the whole of reality or to everything that is. The nature of the world has been conceptualized differently in different fields. Some conceptions see the world as unique while others talk of a "plurality of worlds". Some treat the world as one simple object while others analyze the world as a complex made up of many parts. In ''scientific cosmology'' the world or universe is commonly defined as " e totality of all space and time; all that is, has been, and will be". '' Theories of modality'', on the other hand, talk of possible worlds as complete and consistent ways how things could have been. ''Phenomenology'', starting from the horizon of co-given objects present in the periphery of every experience, defines the world as the biggest horizon or the "horizon of all horizons". In ''philosophy of mind'', the world is commonly contrasted with the mind as that which is represented by the mind. ''Th ...
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BET 10
The Bucharest Exchange Trading index (BET or BET-20) was the first index developed by Bucharest Stock Exchange. It is the reference index for the capital markets. BET follows the evolution of 20 most liquid companies listed on BVB regulated market, excluding financial investment companies (SIFs). It is an index weighted by free float capitalization. The maximum weight of the symbol is 20%. The main selection criterion is company’s liquidity. Starting with 2015, additional requirements of transparency, quality reporting and communication with investors are also used for screening. Constituents As of July, 2022, the index composition was: See also * Bucharest Stock Exchange * Economy of Romania * Foreign trade of Romania * List of companies of Romania * List of stock exchanges This is a list of major stock exchanges. Those futures exchanges that also offer trading in securities besides trading in futures contracts are listed both here and in the list of futures exchanges. Th ...
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Bucharest Stock Exchange
The Bucharest Stock Exchange (BVB) (Romanian: ''Bursa de Valori București'') is the stock exchange of Romania located in Bucharest. In 2019, the capitalization of BVB increased 23.4% compared to the previous year, to the value of EUR 37.8 billion. At the end of 2019 there were 83 companies listed on the BVB. The capitalization of the Romanian capital market in relation to GDP was of 17.9% at the end of 2019. That same year, the stock exchange indices reached their highest level in the past 10 years. The BET index went up 35% and the BET-TR rose more rapidly, by 47%, against the dividends distributed by the companies. At 31 December 2019, the most liquid company within the BVB’s main (Regular) market was Banca Transilvania (TLV), which owns approximately 30% of the total traded value. The following most liquid companies were Fondul Proprietatea (FP), BRD - Groupe Société Générale (BRD), Romgaz (SNG) and OMV Petrom (SNP). In September 2020, the Bucharest Stock Exchange was ...
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