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.
Romania registered the third lowest employment rate in the EU in 2023, following Italy and Greece, according to recent Eurostat data. Only 69% of Romanians aged between 20 and 64 are employed, meaning nearly one-third of Romanians are not working. Certain factors influence these figures. Romania makes use of a category of special pensions applied […]
Authorities are looking into the case of a Romanian minor who was allegedly sold for RON 8,000 (EUR 1,600) and arrived in Germany with false documents. Romanian authorities were notified by those in Germany regarding the case, but investigations are still ongoing. The minor is currently in the care of the German state. The boy […]
The residential market had a strong start in 2024, with the first quarter ending with an 18% increase in the number of residential transactions in Bucharest compared to the same period last year, according to Colliers data. In the rest of the country, the increase was slightly higher - 19%. According to Colliers consultants, buying […]
Siemens Healthineers, the medical technology branch of the German multinational, recently launched its newest MRI scanner, the MAGNETOM Flow, during an event held in Bucharest on April 24. Featured in one of the panels during the event, Sonja Wehsely, executive vice president CEECA Siemens Healthineers, highlighted the strengths of the new scanner. Wehsely, who has […]
The Romanian General Prosecutor's Office officially announced the indictment of former president Ion Iliescu, former prime minister Petre Roman, and former deputy prime minister Gelu-Voican Voiculescu for crimes against humanity, in the case of the Mineriada (miners' riot) of June 1990. Along with the three, the former director of the Romanian Intelligence Service (SRI), Virgil […]
Uber launched its Green service in the popular mountain city of Brașov, in central Romania, on April 25, with a fleet of environmentally friendly vehicles such as Toyota Prius, Hyundai Ioniq, Tesla Model Y, and Volkswagen ID.3. Previously, the Uber Green option was made available to residents and tourists of Cluj-Napoca in November 2023. “We […]
