CEO profile

Dan Berendel is a Romanian entrepreneur who represents a new guard of globally minded Romanian businessmen. His achievements and contributions to date make him one of the catalyst leaders in the emerging Romanian economy.

Mr. Berendel was born in Bucharest, Romania, in a multi-generational family of traders. Despite graduating from the Music Academy in Bucharest, Mr. Berendel followed his family roots and in 2001 founded Master Chem Oil Group, as he saw the opportunity to capitalize on the liberalisation of the Romanian oil market. 

During 20 years in this business, Mr. Berendel built a strong team and is always on a lookout for new ventures and partnerships. He is currently acting as a developer of a selective and powerful niche trading business in the Black Sea, Mediterranean and Northwest Europe regions with sustainable profitability and efficiency. He is also leading an international trading business in Asia, the Middle East and Turkey, which is demonstrating strong financial prospects for the coming years.

Mr. Berendel is passionate about chess, classical music and sport.

“In the last few years signified by supply chain disruptions, geopolitical and economic uncertainty, we have adapted to the new market conditions based on our 20-year expertise in the field, trying to be as fast and creative as possible. We remained a trusted provider in the region, as we traded huge volumes over these years and we are very proud of that. Our achievements are the result of the work of our personnel and our experience in this type of complex activity, as well as integrity and transparency in the way we do business. As we continue to maximize the value of the Company’s trading business, we believe in the value of long-term partnerships with the countries and regions where we operate.”

Dan Berendel, Chief Executive Officer

CEO Blog

Geopolitics and the anticipated Lukoil decision about its Romanian refinery
29 March 2023
Maritime transport and ports could become a source of economic development in Central and Eastern Europe, provided its long-standing issues are solved through modernisation
22 March 2023
To avoid dire shortage of diesel Romania’s largest Black Sea port of Constanta needs a new terminal
15 March 2023