Primary activities

Oil transportationOil transportation is an important part of crude oil industry. The entire success of the whole branch depends on it – with mining and proceeding on its start, finishing with oil trade and oil products. Not a single world oil company with a great mining potential could afford to stay aside of the investments into this part of oil industry. Transportation and storage of crude oil represent a strategically important component also of the Slovak economy, in particular of its energy sector. In Slovakia this activity is executed only by TRANSPETROL, a.s. via its oil pipeline network. When the privatization of the company in 2002 took place, the Russian crude oil concern YUKOS became the proprietor of the Company´s 49% share. In 2009 after several years of negotiations, this share was repurchased by SR and currently the state owns 100% of the shares of the company.

Economic results in the field of the crude oil transportation are to a decisive degree dependant on the demand and subsequently realised volume of transported crude oil. TRANSPETROL, a.s. transported for its customers of 10 790 567 tons of crude oil in total. The total volume of transported crude oil in 2009 reached the second highest level since 1999 and was higher by 16% compared with 2000.

The only customer for oil in Slovakia is the Slovnaft oil refinery. The annual volume of oil it buys has been stable for several years, remaining at approximately the same level. According to our forecasts, due to the use of new progressive technologies and better final processing of the oil, it cannot be expected that in the near future the amount of oil bought will increase. Despite this the transportation of crude oil to Slovnaft, a.s. covers approximately 55% of the volume transported by the Druzhba pipeline.

An important role in terms of sales achieved and the usage of the transport capacity of our pipeline is played by the oil refineries in the Czech Republic – Česká rafinérska and Paramo. In the second half of 1990s the volume of crude oil transported by the Druzhba pipeline to Czech Republic dropped from 7,021 thousand in 1995 to 3,638 thousand tons in 2000, i.e. to almost a half of it. This is above all due to oil imports in the Czech Republic by using the transport capacities of the German – Czech IKL pipeline which is linked to the pipeline leading from the Italian port of Trieste. Since Czech customers initiated their requirements, a turnover in the crude oil transportation to the Czech refineries in Litvínov and Pardubice, started in 2001. In 2009 TRANSPETROL transported in total 5,008,455 tons of crude oil, representing a 38% increase in comparison with 2000.

Storage of crude oil

Storage of crude oilIn addition to the crude oil transportation, TRANSPETROL, a.s. is also involved in crude oil storage. The present capacity of stacks comes up to 680 thousand cubic metres and its major part corresponds with strict domestic legislative requirements as well as with European standards in the field of formation and protection of the environment. Except the operative storage of crude oil for business partners, stacks serve as storage of crude oil for the State Material Reserves.

In 2009, in accordance with the requirements of the crude oil customers, TRANSPETROL stored crude oil in the weight of 4,661,198 t. According to our legal regulations and the requirements of the European Union, the company expects progressive increase of crude oil volumes stored for the State Material Reserves. It currently equals to a 90-day level of consumption of crude oil and crude oil products.

The activities in the telecommunication sphere

Activities in the telecommunication sphereIn 2001, TRANSPETROL, a.s. kept on working on the process of building up the company’s own telecommunication facilities using transmission over optical fibre. The optical infrastructure was continuously being developed, it successfully reached the Ukrainian border and was running in parallel with the pipeline. Another part of SDH transport system with a transmission capacity of 2.5 Gbit/s was being implemented. In the course of 2001, the local optical network in Bratislava underwent further development and the optical infrastructure was linked to optical routes of foreign telecommunication operators in Austria and Hungary, thus creating conditions for providing high-quality transmission capacities for further commercial use at the international level through the Transtel, a.s. subsidiary.

The company Transtel, which was an independent legal entity in field of telecommunication services since 2000, focusing on the commercial provision of hire of data transmission to the end users, was transformed in 2001 to a joint venture set up by Transpetrol joint-stock company, SPP gas utility, Slovenské elektrárne (Slovak power company) – the electricity producer and three electricity distribution companies. This joint venture started its activity under the new name Energotel a.s., with an ambition to become a major alternative operator providing telecommunication services.