Oil Terminal Signs Major 2026 Contracts with OMV Petrom & Oscar Downstream

Oil Terminal Company informed the Bucharest Stock Exchange (BVB) about the conclusion of two major service contracts for 2026, whose cumulative value is 130 million lei, according to the current report submitted to the capital market institution.   According to the document, the two legal agreements exceed the threshold of 10% of the net turnover for the last financial year and were concluded with some of the most important players in the fuel market in Romania.   The first contract, signed with OMV Petrom Bucharest, has an estimated value of 60 million lei. Its scope covers: unloading crude oil from maritime vessels and delivering it to Conpet for pumping to the refinery; unloading/loading gasoline, diesel, fuel oil, and chemical and petrochemical products from/into maritime vessels, river barges, rail tank cars, tank trucks, and storage tanks; storage of crude oil and petroleum products; blending diesel with biodiesel.   The second commercial agreement, signed with Oscar Downstream Magurele, has an estimated value of 70 million lei and covers unloading/loading diesel from/into maritime vessels, river barges, rail tank cars, tank trucks, and storage tanks; storage of diesel; and blending diesel with biodiesel.   Both contracts are valid for the period January 1, 2026 – December 31, 2026. The agreed payment term is 30 calendar days from the invoice date, via bank transfer. The report specifies that no guarantees have been established and there are no mutual claims between the parties.   Oil Terminal, located in the Port of Constan?a, is the largest terminal in Romania for importing and exporting crude oil, petroleum, and petrochemical products.   The company’s main services include receiving, storing, conditioning, and shipping crude oil, fuel oil, petroleum products, petrochemicals, and liquid chemicals for import, export, and transit; conducting physico-chemical tests on its handled products; providing physico-chemical testing services for third parties in its own laboratories; and performing repairs and maintenance for its installations and equipment.   The company has been listed on the Bucharest Stock Exchange (BVB) since February 9, 1998, under the symbol OIL, with the majority shareholder being the Romanian state through the Ministry of Energy (87.7% of shares), and the remaining shares held by individuals (9.6%) and legal entities (2.63%).  (Photo:https://oil-terminal.com/)