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 was founded as a State-owned conglomerate. It had 5 subsidiaries, with ICMS No. 1 servicing the construction of industrial infrastructure for crude oil in Romania.
The 60s and 70s: ICMS No 1 strengthens its leading position in the field and becomes internationally known.
ICMS No 1 changes to “Întreprinderea de Construcții Instalații Petroliere Ploiești” (Enterprise for Construction of Oil Installations Ploiești).
The 80s: The experts at ICMS No 1 carry out, together with their colleagues at TCMS, 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”, with the same core activity.
The 90s: ACMP Teleajen continues the tradition of complex projects in Africa and Middle East.
Following the fall of the communist regime, TAGCSP Ploiești gets restructured as 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 joined by Ch.Eng. Petre MUSTĂȚEA, as CTO. INSPET executed new projects of civil works and energy infrastructure in the United Arab Emirates.
30 YEARS AS AN INDEPENDENT COMPANY
INSPET becomes a fully privately-owned company, with the management and employees as shareholders. Despite the adverse macroeconomic context of the ’90s, facing at that time -without any subsidies or bank loans- fierce and sometimes unfair competition from larger State-owned companies, the projects’ quality and the team’s professionalism has positioned INSPET as a force to be reckoned with, a trustworthy partner for various national and international clients.
During 27 years of activity as a privately-owned, independent company, INSPET has successfully executed over 200 projects amounting to over 2 billion USD. It has invested 50 million USD in capex without State subsidies, non-refundable funds or bank loans. Moreover, it has paid on time taxes and duties in excess of 200 million USD.
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.
CEO & Founder
Iulian Voinea founded the Company with a visionary entrepreneurial mindset rarely developed in a time of transition towards the market economy.
He undertook the heavy burden of paying the wages of >2,500 employees (taken over from the State-owned predecessors) and envisaged the competitive future of an independent, successful privately-owned company in the regional energy infrastructure sector.
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.