New contract for Conpet with Petrotel-Lukoil

Conpet SA, the concessionaire of the national system of pipeline transport for crude and oil products, has signed a contract with Petrotel-Lukoil refinery for transport services of imported oil from Constanta to Ploiesti, the total value of the contract being EUR 9.5 million (RON 42.62 million).

The contract is valid during January 1 – December 31, 2015 and aims the transport of Russian imported oil from the storage facilities at Constanta Oil Terminal to the Petrotel-Lukoil refinery in Ploiesti, a release submitted to the Bucharest Stock Exchange reads. The security provided by the Russians for Conpet’s transport services amounts to RON 3.26 million.

This is the second such contract signed by Conpet, after the one with OMV Petrom, worth some EUR 70 million. That contract, also valid for 2015, covers the transport of crude oil, rich gas and condensate.

The National Agency for Mineral Resources (NAMR) has decided to maintain for 2015 the current regulated tariff charged by Conpet for transport to the refineries of the domestic oil and, in turn, to increase by more than 20 percent the Conpet’s transport tariff charged for imported oil. At the end of 2013, the tariff for transport of domestic oil to refineries was increased by nearly 18 percent, up from EUR 66.79 per ton. During 2010 - 2012, the tariffs for domestic crude oil transportation, for gasoline, ethane and condensate charged by Conpet increased by 11.7 percent. Conpet manages a pipeline network with a length of about 3,800 kilometres, crossing 23 counties.

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February 2015

June 2017