INSPET S.A. is the direct descendent of a seven-decades of history in the Romanian Oil and Natural Gas Industry Infrastructure
TCMS Ploiești – Trustul de Construcții Montaj Schele is founded as a State-owned conglomerate, comprising five subsidiaries, with ICMS No. 1 specialising in construction of industrial infrastructure for crude oil nationwide.
The 60s and 70s: ICMS No 1 solidifies its leading position in the industry and gains international recognition.
ICMS No 1 is renamed “Întreprinderea de Construcții Instalații Petroliere Ploiești” (Enterprise for Construction of Oil Installations Ploiești).
The 80s: The experts at ICMS No 1 carry out, in collaboration with their colleagues at TCMS Ploiești, complex projects in Africa and the Middle East.
As a result of the restructuring process of TCMS Ploiești within TAGCSP Ploiești – “Trustul de Antrepriză Generală Construcții Speciale Petroliere”, ICIP Ploiești becomes ACMP Teleajen – “Antrepriza de Construcții Montaje Petroliere”, retaining the same core activities.
The 90s:ACMP Teleajen continues its tradition of undertaking challenging projects in Africa and the Middle East.
Following the collapse of the communist regime, TAGCSP Ploiești is restructured into CIPROM, and ACMP Teleajen becomes a legal entity within CIPROM.
INSPET S.A. is founded, by the separation of the former ACMP Teleajen’s core from CIPROM, under the management of Ch.Eng. Iulian VOINEA, CEO and Chairman of the Board of Directors. He was later joined by Ch.Eng. Petre MUSTĂȚEA, as Chief Technology Officer. INSPET completes new projects of civil works and energy infrastructure in the United Arab Emirates.
30 YEARS AS AN INDEPENDENT COMPANY
Despite the adverse macroeconomic conditions of the 1990s, including a lack of subsidies or bank loans, and facing fierce and – oftentimes unfair – competition from larger state-owned companies, INSPET stands out for the quality of its projects and the professionalism of its team. This reputation establishes it as a force to be reckoned with and a trustworthy partner for both national and international clients.
During its over 29 years of activity as a privately-owned, independent company, INSPET has successfully completed more than 350 projects worth over 2 billion Euro. It has invested 50 million Euro in capital expenditures (capex) without relying on state subsidies, non-refundable funds, or bank loans. Additionally, it has paid over 400 million Euro in taxes and duties on time.
We are a reputable Company in our industry, with a proven, well-established performance culture. We are professionals and approach all our projects proactively and with utmost seriousness, leveraging our unrivalled experience with a dynamic vision and focus on innovation. Our Company is an effective catalyst for the strategic infrastructure of Clean and Transition Energy and a proven repository of manpower, talent and technical expertise in the region.
IN MEMORIAM
Iulian VOINEA
CEO & Founder
(1991-d.1996)
Iulian Voinea founded the company with a visionary entrepreneurial mindset, a rare quality during a time of transition toward a market economy.
He undertook the heavy burden of paying the wages of over 2,500 employees (taken over from the State-owned predecessors) and envisioned a competitive future for an independent, successful privately-owned company in the regional energy infrastructure sector.
Petre MUSTĂȚEA
CEO
(1996-d.2020)
Petre Mustățea capitalised on the standards of performance, investing 24 years of intellectual effort and unrelenting work to lead the Company towards a series of national or regional technical premieres.
His outstanding achievements were successful projects that made history in the Romanian Oil and Natural Gas Industry and contributed strategically to securing EU energy security.
