The Extraordinary General Meeting of Shareholders of state-run Oil Terminal (OIL.RO), on July 8 rejected with over 99.9% of the votes cast the proposed contracting of a long-term investment loan of up to RON15 million to finance the upgrade of tank 27 UAN in the Port Storage Area of the Constanta.
The port operator is 87.8% held by the Romanian government via the Energy Ministry. It posted RON10.3 million net profit in the first quarter of 2025, 64% lower year-on-year, while operating revenue decreased by 13% to RON97.8 million.
(English version by Loredana Fratila-Cristescu)
