The new board comprises seven members, namely SC Staar Rating company, run by mathematician Dan Cristian Barbulescu, engineers Dan Codescu, Gheorghe Ionescu and Sorin Sebastian Potanc and economists Adrian Viorel Coman, Cristian Florea and Corin Cumsulea.

Oil Terminal is 59.62% owned by the Economy Ministry, while investment funds Fondul Proprietatea (FP.RO) and Broadhurst Investments hold 8.45% and 7.62%, respectively.

The company has swung to a loss of 6.42 million lei (EUR1.43 million) in the first nine months of 2013, versus profit a year earlier, hurt by falling revenue from services. (EUR1=RON4.4754)