The Minister Delegate for Energy conducts a Working Visit to CONPET S.A.

Event: visit of a delegation of the Ministry of Economy – the Department for Energy conducted by Mr. Răzvan Nicolescu – Minister Delegate for Energy to CONPET S.A.

Panelists: Mr. Răzvan Nicolescu – Minister Delegate for Energy, Mr. Mihai Albulescu – State Secretary at the Department for Energy, Mrs. Ioana Drăgan – Advisor to the Minister Delegate for Energy, Mrs. Simona Dobre – Advisor to the Minister Delegate for Energy, Mr. Corneliu Condrea – Director of the Crude Oil and Natural Gas Direction within the Department for Energy, Mr. Dan Weiler – Chairman of CONPET Board of Administration, Mr. Liviu Ilaşi – General Director of CONPET S.A., Mr. Darius Meşca, Mrs. Roxana Gheorghe, Mr. Radu Bugică – members of the Board of Administration, Mr. Gheorghe Ionescu – Production, Investments, Maintenance Director, Mrs. Sanda Toader – Financial Director and the Advisors to the General Director of CONPET – Mr. Alexandru Vârlan, Mr. Marius Istrate and Mr. Daniel Niculae.
Date: 20.05.2014
Location: CONPET S.A. Headquarters in Ploiesti

The Minister Delegate for Energy visited CONPET Headquarters and the Central Dispatch of the National Crude Oil Pipeline Transport System operator; to this effect, the official held several talks with the representatives of the company top management. The discussions have touched upon the company perspectives and development strategy, the General Director of CONPET, Mr. Liviu Ilaşi, focusing on the company priorities, such as: cutting operating expenses by at least 1.5% / year, during 2014-2017; exploitation of non-productive assets; increasing EBITDA by 3% / year within the specified timeframe.
“During 2014-2017, CONPET management will also focus on increasing labour productivity”, Mr. Ilaşi stated.

“The Department for Energy is currently examining the priorities of the State- owned companies within the ministerial portfolio, given the national energy strategy is being revised. CONPET finances are sound. Nevertheless, I wish the company set more ambitious goals in what concerns the achieved investments and the draft of sustainable development plans.” , declared the Minister Delegate for Energy, Răzvan Nicolescu.