Conpet’s expansion plans
Conpet, the operator of the national transmission system of petroleum products, wants to expand abroad and has decided to hire lawyers for advice in this regard, the company’s shareholders have decided on March 24 during a General Shareholders’ meeting. The report substantiating the decision reads that one of the company’s management plan aims, for 2014-2017, at “the development of new activities related to the basic ones, both domestically and internationally.” Conpet is interested in acquiring assets in Republic of Moldova, the Giurgiulesti oil terminal on the Danube, which runs annually 120,000 tons of fuel.
Conpet representatives are negotiating the take over with the Giurgiulesti Free Port operator, Danube Logistics, a subsidiary of the Dutch company Danube Logistics Holding BV. Also Conpet is interested in the project aimed at building a pipeline linking Pitesti city to the Pancevo refinery in Serbia. This pipeline would carry crude oil imported by sea and stored in Constanta Port up to the Pancevo refinery belonging to NIS company, controlled by the Russian group Gazprom.