The contract was concluded for the April 1 – June 30, 2024 period and targets to provide domestic and imported crude oil, rich gas and condensate transport services, from the receiving sites to the delivery sites, as per the report.
Romanian state-owned oil transporter Conpet Ploiesti ended 2023 with net profit of RON60.2 million, down 2.3% on the year, and a turnover of RON485.1 million, up 2.7% on the year, in line with data from the company’s annual preliminary report published at the Bucharest Stock Exchange. Operating income grew by 3.6% on the year to RON540.8 million in 2023, while operating expenses were 3.7% higher on the yearf to RON476.4 million in 2023, thus, the operating result was profit of RON64.3 million, up 2.5% on the year.Conpet has a market value of RON765 million and is 58.72%-owned by the Romanian State, through the energy ministry. COTE shares have gained 7.6% so far in 2024, amid deals worth RON13 million, as per stock market data.