Romanian capital strengthens its position in petrochemistry; the Roserv Oil company, part of the GRAMPET Group, takes over the RAFO Onești

By Edwig Ban
After the efforts of InterAgro, a company owned by Ioan Niculae, to put back into operation six chemical fertilizer plants, today a new information signals that the Romanian capital is still alive and in power.
The company Roserv Oil, part of the GRAMPET Group, acquired the industrial platform of the RAFO Onești refinery, within a public capitalization procedure, coordinated by the Transylvania Insolvency Company (CITR. The sale of the asset transaction was completed according to the capitalization strategy approved by the creditors RAFO Onești, within the insolvency procedure, with the objective of developing the largest logistics center in Moldova.
Roserv Oil is a newly established company that will focus on the national development of logistics terminals on both containers and warehouses for petroleum products.
The company decided to buy the assets of the bankrupt RAFO Onești platform, with the aim of developing the largest logistics center for containers and petroleum products that will serve the region of Moldova. This specialization complements the main activity objective of the GRAMPET Group, rail freight transport. With the takeover by Roserv Oil, RAFO Onești’s assets become productive assets, part of the GRAMPET Group’s commercial activity.
With the takeover by Roserv Oil, the platform could generate, in the long run, at least 600 jobs and the first phase of the project involving traded assets will generate over 200 jobs. In the next period, Roserv Oil will start an evaluation process of the existing installations.
The company aims to attract partners from companies specializing in the production of raw materials and to put into operation several facilities available on the platform, in this regard.
During the insolvency period, the RAFO Onești platform was kept in a state of conservation by CITR and was the subject of intense promotion.
This transaction unblocks the long-term state of inactivity of the platform and creates the premises for the development of an economic activity on the RAFO Onești platform.
Founded almost 20 years ago, GRAMPET Group is the first multinational founded in Romania and the largest railway group and private logistics operator in South-Eastern Europe. Its company structure strategically covers the entire chain of rail transport solutions and products, offering its customers an integrated experience at the highest level of competence: rail freight services, construction, repair and modernization of rolling stock, production of spare parts exchange, rolling stock rental, transhipment of goods, logistics services, as well as innovative IT solutions for railway operators.
With the stated objective of connecting the Atlantic Ocean, through the North Sea, to the Pacific Ocean, through the South China Sea, the GRAMPET Group is one of the industry leaders in the development of transport corridors connecting Europe and Asia.
Its flagship company – Grup Feroviar Român (GFR), is the largest private railway operator in Romania. Currently, over 20% of traffic is international, with GFR offering its customers complex logistics solutions. GFR is a member of all representative international organizations and has collaboration agreements both with state railway operators (BDZ Cargo, UZ, CFM, PKP Cargo, ZK, RCH, HZ Cargo, ZBIH) and with private railway operators in Bulgaria, Hungary. , Slovakia, Czech Republic, Poland, Austria and Germany.