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.
A new study by RoCoach and Novel Research shows that 72% of Romanians believe artificial intelligence (AI) could help reduce corruption and increase transparency in public institutions. The findings reflect growing public interest in how technology, including digital records and the use of AI, could improve administrative efficiency. Despite this optimism, 44.5% of respondents say […]
ARTE.tv, the European public streaming platform, is now available in Romanian for viewers in Romania and the Republic of Moldova. The new version of the platform offers access to documentaries, series, news programs, concerts, and films, all with Romanian subtitles or voice-over. ARTE.tv already offers content in six other languages, namely French, German, English, Spanish, […]
Romania Education Alliance (REA), the first national initiative dedicated to scaling private education in the country, has unveiled a EUR 20 million investment plan aimed at uniting over 15 private schools under a single educational network by 2028. The announcement marks a significant milestone for REA, founded in 2024 by education entrepreneurs Anca and Dan […]
Environment minister Diana Buzoianu issued a stark warning about the condition of the Praid Salt Mine, saying the site is in an irreversible state of degradation and the collapse of its ceiling is now only a matter of time. During a recent visit to the area alongside economy minister Radu Miruță, a portion of the […]
A Code Red warning for extreme heat has been issued in southern Romania, with the intense heatwave expected to grip the region between Tuesday morning, July 22, and Wednesday morning, July 23. The alert covers the counties of Dolj, Olt, Teleorman, Giurgiu, Călărași, Ilfov, and the capital city, Bucharest. Temperatures in these areas are forecast […]
Four Ukrainian military aircraft unintentionally entered Romanian airspace for several minutes during the night of July 20 to 21, amid a large-scale Russian attack on Ukraine's airport infrastructure. The Romanian Ministry of National Defence (MApN) confirmed the incident, stating that two Romanian F-16s and two Italian Eurofighter Typhoons were scrambled as a precaution, but the […]
