Fuel distributor JT Grup Oil expands its logistics capacity by another 4,000 tons through the acquisition of the largest bunkering vessel, Delta Oil
– The transformation of this barge into a floating terminal represents a major step for Romania in consolidating energy independence and expanding regional infrastructure –
After the bankruptcy of more and more Russian-owned oil companies and in the current context of the Romanian energy market, characterized by a growing demand for fuel storage and distribution capacities, local companies are consolidating their market position through significant investments in infrastructure expansion.
A notable example is the fuel distributor JT Grup Oil which, following a total investment of approximately 3 million euros, which involved both the acquisition and modernization of the largest vessel previously used for bunkering operations in the port of Constanta by the company Gaz prom, has expanded its logistics capacity by another 4,000 tons. The transformation of this barge into a floating terminal underlines the company's commitment to expanding its operational capabilities and responding to the growing needs of the energy market, while becoming an international player.
Already integrated into JT Grup Oil operations, the JT DANUBE TERMINAL vessel will contribute to the efficiency of oil product transport and distribution services for the western area of the country. Moreover, the acquisition of the floating terminal represents a strategic asset that will strengthen Romania's energy independence and the expansion of the oil product transport and storage infrastructure in the region. Bogdan-Florin Aldea, Chairman of the Board of Directors of JT GRUP OIL SA points out: "This acquisition is not only a success for our company, but also a significant contribution to strengthening Romania's position as a regional energy hub. JT Grup Oil reaffirms its position on the fuel distribution market in Romania and supports the stability and security of Romania's energy supply, in a European context marked by changes and new challenges in the energy field. We have demonstrated, once again, to investors and partners that JT Grup Oil has the ability to adapt quickly to changes in the economic and geopolitical environment, ensuring the continuity and security of energy supply through an advanced logistics infrastructure, capable of meeting the growing needs of the market."
In the current international context, JT DANUBE TERMINAL will allow Romania to diversify its sources and supply routes, thus reducing its dependence on external resources. In the midst of a modernization process, the floating terminal will benefit from modern sustainability measures, adapted to international environmental and safety requirements, ensuring efficient operation, aligned with environmental standards.
Currently, JT Grup Oil is in the process of completing the construction works of JT Terminal, the newest private terminal for liquid petroleum products. During 2024, the company made investments of over 19 million lei, the money being allocated for the completion of the terminal works, and purchased 5 new tanker trucks, thus continuing the strategy of expanding operational capacities.
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About JT Grup Oil SA
JT Grup Oil SA carries out fuel distribution operations in the South-East of Romania with the help of its own fleet of 13 tankers with a capacity of up to 40,000 liters, equipped with pumps and indicators for measuring the quantity delivered. For the distribution of fuels in the northern part of the country, the company has partnerships with representatives of the business environment, long-term collaborators.
In the first nine months of 2024, the company reported a net turnover of 179.76 million lei. In the same period, the Group recorded a net profit of 5.89 million lei, up by 69% compared to the same period last year, supported by a 42% increase in operating result and a 13% increase in fuel sales volume, which increased from 26.4 million liters to 29.8 million liters. Over the past ten years, the company's profit was 51 million lei, reflecting a solid and sustainable financial performance. Also, the turnover in the last five years has registered a constant increase from 171 million lei in 2019 to 224 million lei in 2023, which demonstrates the company's ability to adapt to market demands, innovate and optimize its operations to drive continued growth and long-term success.
Founded in 2001, JT Grup Oil SA is one of the most important companies operating in the fuel distribution market and the developer of the first private petroleum products terminal in Romania in the port of Constanța. During 2004-2005, it built a bitumen terminal in Medgidia, which it sold shortly after the reception, and the money obtained from the sale was invested in the development of the fuel distribution network. In 2008, the company began to develop its distribution network and introduced over 250 tanks equipped with pumps and level indicators to the market. Since 2023, JT Grup Oil SA has diversified its product range, and has accessed the excise-free diesel segment, which serves commercial vessels for the ports of Midia and Constanța.
