The company operating the oil terminal in Constanta Port, Oil Terminal, reported a net profit of 9.05 million euros for the first nine months of 2024, marking a 91% increase compared to the same period in 2023.
Total revenues grew by 35% year-on-year, reaching 70.8 million euros, while expenses rose by 28% to 60.2 million euros. This reflects strong financial performance and increased operational activity during the period.
Operating profit (EBIT) surged by 78%, reaching 12.2 million euros, and EBITDA rose by 60.1%, amounting to 14.9 million euros.
Oil Terminal has a storage capacity of around 1.5 million cubic meters and is the largest operator at sea in Constanta Port. The company specializes in the handling of crude oil, petroleum products, liquid petrochemicals, and other finished products or liquid raw materials for import, export, and transit.
The Romanian state holds an 87.75% stake in the company through the Ministry of Energy.
