The contract aims to provide transport services for imported crude oil, from Oil Terminal to the Petrotel-Lukoil refinery, starting on January 1, 2024 and ending on December 31, 2024.
Guarantees are worth RON9 million and are valid until November 22, 2024.
Conpet Ploiesti ended the first nine months of 2023 with a turnover of RON365.4 million, up 4% on the year. Its EBITDA (earnings before interest, tax, depreciation and amortization) totaled RON100.5 million in the first nine months of 2023, up 5.7% on the year, while its net profit fell by 5.6% on the year to RON49.8 million. Expenses grew 4.9% to RON351.3 million in Jan-Sept 2023, from RON334.8 million in the same period of 2022.
COTE shares traded 5.9% higher in the last month and 16.2% higher in the last 12 months, amid deals worth RON8.3 million and RON40 million, respectively.
Conpet is 58.7%-owned by the Romanian State and has a market capitalization of RON741 million.