Contracts are estimated at 95.2 million lei (EUR21.5 million), net of VAT and excise duties.
The first auction was scheduled for Thursday, January 10, and targets the purchase of 22,000 tons of Euro 5 fuel for Diesel engines. The supply contract, which targets the period between January and June 2013, is divided into three lots, of 4,000 tons, 7,500 tons and 10,500 tons. The contract is estimated at RON87.4 million, VAT and excise duties excluded.
The second auction was scheduled for January 15 and targets the purchase 2,000 tons of diesel fuel, which is equivalent to the quantity borrowed from the state reserve. The contract is estimated at RON7.88 million, net of VAT and excise duties.
Contracts will be awarded to the lowest bidder and financing will be covered from own sources.
According to CFR Calatori general manager, Stefan Roseanu, at the end of December, the company concluded a contract for the supply of 5,000 tons of diesel fuel, for the period between December 2012 and January 2013.
CFR Calatori is one of the largest users of oil products, with an annual consumption estimated at around 53,000 tons. In the past few months of 2012, the company scheduled several auctions at the Romanian Commodities Exchange to purchase diesel fuel, but, in come cases, it did not manage to conclude the targeted purchase contracts.
End-November 2012, the Romanian Government approved a decision to take 2,000 tons of diesel fuel form the state reserve to supply CFR Calatori during the winter, although the Transport Ministry had requested ten times more. (EUR1=RON4.4251)