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To Today ay co competiti petitiveness veness = right ght - - PowerPoint PPT Presentation
To Today ay co competiti petitiveness veness = right ght - - PowerPoint PPT Presentation
To Today ay co competiti petitiveness veness = right ght investment vestment in the e past 4th EU Refining Forum Brussels 11 December 2014 50% FLEXIBILITY 50% SPEED 100% MOL BUBI Central Eastern Europe Population Total petroleum
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Central Eastern Europe
3
4,2
9.4
0.0 5,000.0 10,000.0 15,000.0 20,000.0 25,000.0 30,000.0 Thousand tonnes of oil equivalent (TOE)
Total petroleum products consumption 2012
POLAND SLOVAKIA CZECH REPUBLIC HUNGARY ROMANIA BULGARIA AUSTRIA SLOVENIA CROATIA
10 10
5,4
20
8,4
3,8 2
38
7 Population
84% 16%
Population
European Union CEE
CEE 11%
EU 28 89%
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Operating Environment in CEE in 2004
Bratislava Danube Sisak Rijeka Schwechat Plock Gdansk Litvinov Kralupy Novi Sad Pancevo Onesti Rompetrol Arpechim Petrotel Petrobrazi NOVI SAD Capacity: 2.5 mtpa NCI: 2.5 PANCEVO Capacity: 4.5 mtpa NCI: 4.9 KRALUPY Capacity: 5.4 mtpa NCI: 7.5 LITVINOV Capacity: 3.3 mtpa NCI: 8.4 GDANSK Capacity: 6.0 mtpa NCI: 11.8 Bosanski Brod SCHWECHAT Capacity: 9.8 mtpa NCI: 6.2 ARPECHIM Capacity: 3.5 mtpa NCI: 7.3 PETROBRAZI Capacity: 4.5 mtpa NCI: 7.3 PLOCK Capacity: 13.8 mtpa NCI: 9.4 BRATISLAVA Capacity: 6.1 mtpa NCI: 11.5 DUNA Capacity: 8.1 mtpa NCI: 10.6 SISAK Capacity: 2.2 mtpa NCI: 6.1 RIJEKA Capacity: 4.5 mtpa NCI: 5.8 Refineries, Depots, Pipeline MOL Group Refinery 47.1% in INA Other Refinery Crude Pipeline ONESTI Capacity: 3.5 mtpa NCI: 9.8 ROMPETROL Capacity: 4.8 mtpa NCI: 10.7 PETROTEL Capacity: 2.5 mtpa NCI: 7.6 BOSANSKI BROD Capacity: 1.5 mtpa NCI:
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NOVI SAD Capacity: 2.5 mtpa NCI: 2.5
MOL Group Refineries
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Petrobrazi
Operating Environment in CEE today
Bratislava Danube Sisak Rijeka Schwechat Plock Gdansk Litvinov Kralupy Pancevo Rompetrol NOVI SAD Capacity: 2.5 mtpa NCI: 2.5 PANCEVO Capacity: 4.5 mtpa NCI: 4.9 KRALUPY Capacity: 5.4 mtpa NCI: 7.5 LITVINOV Capacity: 3.3 mtpa NCI: 8.4 GDANSK Capacity: 6.0 mtpa NCI: 11.8 Bosanski Brod SCHWECHAT Capacity: 9.8 mtpa NCI: 6.2 ARPECHIM Capacity: 3.5 mtpa NCI: 7.3 PETROBRAZI Capacity: 4.5 mtpa NCI: 7.3 PLOCK Capacity: 13.8 mtpa NCI: 9.4 BRATISLAVA Capacity: 6.1 mtpa NCI: 11.5 DUNA Capacity: 8.1 mtpa NCI: 10.6 SISAK Capacity: 2.2 mtpa NCI: 6.1 RIJEKA Capacity: 4.5 mtpa NCI: 9.1 Refineries, Depots, Pipeline MOL Group Refinery 47.1% in INA Other Refinery Crude Pipeline ONESTI Capacity: 3.5 mtpa NCI: 9.8 ROMPETROL Capacity: 4.8 mtpa NCI: 10.7 PETROTEL Capacity: 2.5 mtpa NCI: 7.6 BOSANSKI BROD Capacity: 1.5 mtpa NCI:
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MOL Group Refineries
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MOL GROUP - integrated oil & gas company
Strong refinery and commercial position in CEE region:
► 6 production units with total
capacity of 20.9 mtpa refining
► 2.1 mtpa petrochemicals ► >1,700 filling stations
NET REVENUE* USD 24.1 BN EBIDTA USD 2.3 BN OPERATING CASH FLOW USD 2.7 BN CAPEX USD 1.2 BN
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Bratislava Refinery
Area: 620 hectares Distillation capacity: 6.1 Mt/year Processed crude: 6 Mt/year Nelson complexity index : 11.5 Share of light products (%): 85 Number of employees: cca. 1200
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Danube Refinery
Area: 800 hectares Distillation capacity: 8.1 Mt/year Processed crude: 7 Mt/year Nelson complexity index : 10.6 Share of light products (%): 78 Number of employees: cca. 1300
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100 200 300 400 500 600 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 FC3
MUSD
Investments in 2007-2013, 2014 FC3
MOL SN IES INA
High complexity and compliance with EU legislation has meant significant investment in past decade
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100 200 300 400 500 600 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 FC3
MUSD
Investments in 2007-2013, 2014 FC3
MOL SN IES INA
Achieving high complexity has meant significant investment in past decade
Products with low market value (heavy fuel oils, bitumen, sulphur etc)
59%
41%
86%
14%
1995 2005
Over decade from „Zero to Hero“! BRATISLAVA REFINERY
Products with high added value (motor fuels, plastics)
DUNA REFINERY
11,0% 3,0% 15,0% 3,2% 24,9% 42,0% 0,9%
Gasoline Naphtha Kerosene Gas- and heating oil Fuel oil Coke Other
Without Coker With Coker
6,8% 37,7% 14,6% 14,0% 22,4% 4,5%
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We have further plans to move ahead
6% 4% 29% 42% 18% 1% 12% 54% 5% 2% 6% 0% 21%
Other chemical products LPG Naphtha Motor Gasoline Middle Distillates Fuel Oil Bitumen Other
2010 6% 2% 28% 21% 0% 33% 10%
Product yields – basis, current (after Phase 1) and expected after Phase 2
CURRENT PHASE 2
► Diesel yield improvement ► Sulphur emission reduction ► Increase NCI to 9.1 ► 5-7 years’ investment cca. USD 700M
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RIJEKA PHASE 1 COMBINE COMPLIANCE & FLEXIBILITY
► Delayed Coker (1 Mtpa) technology ► Sulphur free products ► NCI increase above 10 ► 3-4 years investment, estimated at cca. USD 450M
RIJEKA PHASE 2 ENTERING THE TOP LEAGUE
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Non-competitive asset to transform
MANTOVA REFINERY
► High diesel yield but low complexity ► Good market position, no economical scale ► Low competitiveness today
MANTOVA LOGISTIC CENTRE
► Landlocked distribution center ► Pipeline connection to the ports ► Industrial zone, experienced manpower ► Transformation cost ca usd 120 mio
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Fit to survive today..... Fit to invest for tomorrow
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Predictable legislation Freedom to operate under market forces Global game European playground
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Customer says always the final word...
“Promoting competitiveness, which is the overarching aim of policy, must be woven into the fabric of all policy areas, at all levels of government….” Elzbieta Bienkowska
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THANK YOU FOR YOUR ATTENTION!
Competition is not only the basis
- f protection to the consumer, but