The two legal agreements exceed the threshold of 10% of the net turnover for the last financial year and were concluded with some of the most important players in the Romanian fuel market, the report reads.
The first contract, signed with OMV Petrom Bucharest, is estimated at RON60 million and targets the following: unloading crude oil from maritime vessels and delivering it to Conpet for pumping to the refinery; unloading/loading gasoline, diesel, fuel oil, and chemical and petrochemical products from/into maritime vessels, river barges, rail tank cars, tank trucks, and storage tanks; storage of crude oil and petroleum products; blending diesel with biodiesel.
The second contract, signed with Oscar Downstream Magurele, is estimated at RON70 million and targets the following: unloading/loading diesel from/into maritime vessels, river barges, rail tank cars, tank trucks, and storage tanks; storage of diesel; and blending diesel with biodiesel.
Both contracts are valid for the January 1, 2026 – December 31, 2026 period. The agreed payment term is 30 calendar days from the invoice date, via bank transfer. The report specifies that no guarantees have been established and there are no mutual claims between the parties.
Oil Terminal, located in the Port of Constanta, is the largest terminal in Romania for importing and exporting crude oil, petroleum, and petrochemical products. The company’s main services include receiving, storing, conditioning, and shipping crude oil, fuel oil, petroleum products, petrochemicals, and liquid chemicals for import, export, and transit; conducting physico-chemical tests on its handled products; providing physico-chemical testing services for third parties in its own laboratories; and performing repairs and maintenance for its installations and equipment.
Oil Terminal has been listed on the Bucharest Stock Exchange since February 9, 1998, under the stock symbol OIL. It is 87.7%-owned by the Romanian State through the Ministry of Energy and the remaining shares are held by individuals (9.6%) and legal entities (2.63%).