February 1996

Founding of Petronord Energie- und Wärmekonzepte GmbH

Petronord Energie- und Wärmekonzepte GmbH is founded to take over and accelerate the retail business activities that have been ongoing at Mabanaft since the 1980s. Petronord serves as a holding company for medium-sized petroleum traders in this process. The beginning of a success story that empowers traders to survive in an increasingly competitive energy market through individual models of investment or cooperation.