Oil Terminal's cargo handling fell 16.3% in 2026, yet profits rose 16.3%, driven by reduced expenses and strategic renovations.
According to the interim report published by Oil Terminal on the Bucharest Stock Exchange, the total amount of products handled from January to September 2026 decreased by 16.3% compared to the same period last year. Nevertheless, the achieved volume remained 20.5% above the company's nine-month budget target.
The change in cargo composition became evident. The volume of crude oil decreased by 55.4% to 1.358 million tons, while the volume of diesel increased by 28.7% to reach 3.528 million tons. Gasoline was recorded at 189,000 tons, and chemical products at 276,000 tons.
The company's net profit rose by 16.3% to 24.48 million lei. However, revenue decreased by 2.8% to 295.86 million lei. The Romanian economic newspaper Profit.ro noted that the increase in profitability was influenced by total expenses decreasing faster than revenues.
The report indicated that the renovation of the T26 tank with a capacity of 31,500 cubic meters in the South Platform and the modernization of the fire safety installations serving three large storage tanks have been completed. The modernization of tank number 27 at the port platform is among the ongoing investments.
Source: SeaNews Türkiye
