In early 1994 the representatives of nine oil companies operating in Slovakia signed the Memorandum of Foundation of the Slovak Association of Petroleum Industry and Trade and approved the statues of the association. Slovak Association of Petroleum Industry and Trade (hereinafter reffered to as “SAPPO” or “Association”) is a legal entity, a group of ineterest composed of legal entities – trading companies which are engaged in the production, processing, transport, sale and distribution of crude oil and petroleum products, petrochemical production, mining, transport and storage of crude oil and petroleum products. The Association was established by the Memorandum of Foundation dated on 1st March 1994 under Article 20 f and the Civil Code (Act No. 40/1964 Coll. as amended). The Association is registered in the Register of Interest Associations of Legal Persons at the District office of Bratislava.
The main objectives of the association are:
- providing information on the possibility of applying new technologies in the oil industry and the gas industry and their support in respect of economic, financial and environmental aspects of this economic segment
- protection and mutual supportin promoting the general ethical and economic interests of its members in the field of mining, purchasing, processing and transportation of oil, when shopping, transportation and marketing of petroleum products, including their marketing and presentation
The purpose of the association is the protection and promotion of general economic and ethical interests of its member companies. Association does not follow any political objectives and does not develop any business activity. Association promotes implementation of the conclusions and objectives that are common to all members of their vast majority. Members of Association are crucial companies of the petroleum industry and trade priority of which is the high quality products, reliability, high service levels, and also the maximum customer satisfaction.
Member companies of Association are achieving very good results in the quality fuel sold as a result of the application of their own quality control system, constant care for the fuel quality, certification of producers, distributors and transporters and application of ethical rules of the SAPPO.
Member companies of the Association consider the ethical rules of the Association as their code of ethics which declares to public their attitudes and standards of behaviour in business strategy focused on customer and friendly approach to environmental protection.