“OIL TERMINAL S.A informs shareholders and investors that two other companies have expressed their intentions to form a partnership for the construction of a bitumen terminal. Considering that Oil Terminal is interested on competitively and transparently identifying the best solution for this investment, it has communicated to the two companies that they must assume to enter into competition at this stage, without going through the previous stages, on the condition of respecting the deadline for submission of bids, namely 20.12.2023 – deadline for the procedure,” Oil Terminal said in a stock market report.
According to the report, “on 20.11.2023, SOCAR Petroleum S.A confirmed the acceptance of the conditions. Therefore, currently, the participants in the procedure expected to submit an offer are as follows:
1. Takida Terminal S.R.L.;
2. Euronova Energies S.A.;
3. Frial S.A.;
4. OMV Petrom S.A.;
5. Trafigura Pte Ltd;
6. Vitaro Energy S.R.L.;
7. Socar Petroleum S.A..
Takida Terminal is a company from the Republic of Moldova, controlled by Constantin Leonov and established on May 24, 2022, Euronova Energies is a crude oil trader, Frial (active in Constanta) is a port terminal operator, OMV Petrom is Romania’s largest hydrocarbon producer, Trafigura is a petroleum products trader, and Vitaro Energy SRL is a leader in the energy sector with a presence across the spectrum; from oil through to power, renewables and carbon.
The company will have meetings with each of these companies, and firm offers will be discussed in the general shareholder meeting. Oil Terminal wants to develop a construction project for a bitumen terminal, according to the Development Strategy and Management Plan 2023-2027.
Oil Terminal has a market value of RON361 million and is 87.8%-owned by the Romanian State.
SOCAR entered the Romanian market in 2011.