| Type | Public |
|---|---|
| Industry | Oil industry |
| Founded | 1957 |
| Headquarters | Bratislava, Slovakia |
| Key people | Oszkár Világi, CEO |
| Products | petroleum, diesel, asphalt |
| Services | Gas stations |
| Revenue | 113 bill. SKK/3.285 bill. Euro (2006) |
| Net income | 7.89 bill. SKK/229 mill. Euro (2006) |
| Owner(s) | MOL Group |
| Employees | About 4,500 |
| Website | www.slovnaft.sk |
Slovnaft is the largest oil refinery in Slovakia. It was established in 1957 in Bratislava. In 2000, Slovnaft became part of the Hungarian MOL Group, which owns 98.4 % of the shares. Slovnaft has two foreign branches nowadays: Slovnaft CZ in the Czech Republic and Slovnaft Polska in Poland. Slovnaft is one of the top three refineries in Europe.
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Slovnaft is the successor of the Apollo company, which was established in 1895 in Bratislava and whose refinery was bombarded by the Allies in June 1944. It was located near today's Apollo Bridge. The Apollo company was nationalized and renamed Slovnaft in 1957.
On 1 May, 1992, Slovnaft was reorganized as a join-stock company, as successor to a state enterprise formed by the Czechoslovak Republic government on 1 January 1949. Since 2000, Slovnaft has been a member of the multinational MOL Group, which, in market capitalization terms, is among the six largest companies in Central & Eastern Europe.
Slovnaft is the flagship of the Slovak economy.[1] Its shares of Slovak GDP and overall industrial production have been 1,5% and 6%, respectively. Despite being a major importer of oil, Slovnaft has a very positive trade balance, having been one of the three largest Slovak exporters for some years. This has positively affected Slovak tax revenues as its share of overall Slovak tax revenues has reached as much as 8%. The advantages of synergies accrued through being a member of MOL Group chiefly manifest themselves in the effective coordination of operations in foreign markets. Three quarters of Slovnaft's production is sold to customers in highly competitive markets such as Germany, Austria, the Czech Republic, Poland, Switzerland, and France. Exports account for 80% of overall company revenues. Slovnaft has been a steady payer of excise duties on mineral oils, accounting for 60% of all such taxes paid.
According to its website, the refinery's annual processing capacities amount to 6 million tonnes of crude oil. It has a production capacity of about 115,000 BPD (barrels per day). In comparison, Exxon Mobil has a production capacity of about 6,4 million BPD. Thanks to a sophisticated investment strategy, it is currently the most efficient refinery in Europe; this is confirmed by independent studies. At the same time, it ranks among the three most modern refineries in Europe. The refinery has a 87% share of oil conversion to quality products with high added value, mostly motor fuels. Using the same volume of oil, Slovnaft can currently produce up to 1 million tons more fuels than in the 1990s. Three fourths of production is sold on the international market. Apart from motor fuels that Slovnaft has produced since 2006 in the quality that will be required by the EU from 2009, the company also produces petrochemical products - polyethylene and polypropylene. They have the capacity to react to demand for bio fuels. In Slovakia, Slovnaft currently operates 209 fuel stations; it is the largest network in this country, providing good availability of quality fuels for drivers. Apart from quality motor fuels, Slovnaft provides its customers with highly demanded additional services. They also support usage of alternative fuels. Its branded LPG - ECO+Autoplyn is sold by 98 of its stations, making Slovnaft the larges seller in Slovakia. Kurtanský, Tomáš; Bobovický, Artur (2008). Slovakia - The little Country with a Big Economy. grain, s.r.o. for Ministry of Economy of the Slovak Republic. ISBN 978-80-970077-4-4.
Slovnaft has been sponsoring the part of Slovak Extraliga Slovnaft Play -off ,leag called from 2011-12 season Tipsport Extraliga, Slovakia's top-level ice hockey league, since 2007,Slovnaft is general sponsor of Slovakia National Ice Hockey Team too.