11:06 – 27 April 2006 – The Constanta-based company Oil Terminal (southeastern Romania), the biggest Romanian port operator, registered 69 billion old lei in net profit last year, double than forecasted and approved in the budget of revenues and expenditures, stated the company’s general manager Mihai Lupu, ACT Media news agency reports.

“We exceeded the budgetary estimates due to the fact that in the economic field we operated efficiently by diminishing the expenditures, placing the money exactly where the company needed it,” Oil Terminal’s general manager said.
The company aims to become more flexible for the customers’ needs and to eliminate the waste of time in operating the goods transited via Oil Terminal.

Some 75 percent of Romania’s crude oil production and the whole production of chemicals for export are transited through this company.

“In 2005, we weren’t late in the operations, not even one minute, and we were not involved in any commercial litigation,” Lupu underlined.

In 2006, the company intends to assure the necessary equipment for the cleaning up of the polluted lands, an IT integrated managerial system, new storage capacities in the southern part of the city, as well as the modernization of berths and of the loading-unloading arms of the ships.

Oil Terminal company, a strategic point at Black Sea, supplies services linked to the receiving, storage, conditioning and shipping of crude oil, of oil products and liquid chemical products.

The oil terminal in Constanta is one of the biggest of this kind in southeastern Europe, being located at the crossing of the maritime transport corridors between Asia, Central and Western Europe and the Near East.