Oil and petroleum handling company Oil Terminal commissioned on Friday in Constanta a gas tank with a storage capacity of 55,000 cubic meters built at the company's South Storage Facility, at the exit of the city, with Energy Minister Sebastian Burduja attending.According to Oil Terminal CEO Sorin Ciutureanu, one of the reasons why the new tank was built outside the city is that of relocating the storage capacity from the 100-hectare inner-city Northern Storage Facility, to allow an urban regeneration project to be carried out on 38 hectares, which will come with "multiple benefits for the Constanta community, as well as for the company," a release states.The commissioning of the new storage capacity also marks 125 years of Oil Terminal activity, a company the Energy Ministry holds 87.75 percent of.Minister Burduja congratulated the company management for the investments made.Oil Terminal SA and Iulius Real Estate SRL signed last year an association agreement under which a 38-hectare area owned by Oil Terminal, that housed storage facilities for petroleum products and where the main business activity has been discontinued more than 10 years ago, shall be returned to the city as a sustainable urban area accessible to the entire community, contributing to the economic, touristic, social and cultural development of Constanta.At the 125th anniversary of the company, the construction of the 55,000 cubic meter tank at the South Storage Facility was finalized, complete with a new loading ramp for tank trucks, the technological installations were upgraded and made more flexible, so that Oil Terminal can move diesel via five berths, compared to two berths in the past years. Also, in a first, 150,000 DWT Aframax tankers will be operated for diesel unloading.Oil Terminal holds 45 percent of the domestic service market for crude oil imports via the Black Sea, over 60 percent for the export of petroleum products, and 90 percent for the import of black oil.
If you’re searching for a hidden gem in Europe, Romania is calling your name. Tucked between the Carpathian Mountains and the Black Sea, this country is an untouched marvel, combining natural beauty, rich history, and endless opportunities for entrepreneurs and retirees alike. Romania offers a unique blend of modern life and ancient charm, making it […]
Let’s talk about the lack of connection with our body and how this is closely tied to burnout, plus, what to do about it. So often throughout the day, we live almost entirely in our minds. We’re focused either on what we have to do at the moment—tasks that increasingly demand mental effort over physical […]
Six men and one woman from Romania have been accused of recruiting dozens of children and adults from foster care centers, whom they then transported to Hungary, where they turned them into slaves, forcing them to work under inhumane conditions. The accused are from the localities of Ozun and Chilieni, Covasna County, Romania, and allegedly […]
The Museum of Collectivization, the first in Romania dedicated to the forced collectivization period of the communist era, is set to open a new wing, Corp B, funded through the EU-backed National Recovery and Resilience Plan (PNRR) and co-financed by the National Cultural Fund Administration (AFCN). With the new building, the museum located in Tămășeni, […]
Romania’s “Madrigal – Marin Constantin” National Chamber Choir, conducted by Anna Ungureanu, will be in Luxembourg and Belgium, as part of the “Bridges Across Europe/Punți peste Europa” European tour, where it will perform five extraordinary concerts. The performances will take place between November 20 and 25, with the help of the Ministry of Culture, the Romanian Embassy […]
The European Development Bank approved a EUR 140 million loan for Romania’s “Cultural Foundations” project, aimed at preserving historical monuments and constructing cultural buildings in the country. The project targets 14 investment objectives of national and European relevance, administered by public institutions under the Ministry of Culture, including the Romanian Athenaeum, the Romanian National Operas […]
