Conpet Ploieşti, a national oil carrier owned by 58.7% of the Romanian state, has budgeted a net profit of 55.4 million lei for 2020, down 3.8% compared to 2019, at total revenues of 460.1 million lei, plus 2.1%, show data from the budget of revenues and expenses for 2020 aggregated by zf.ro.

The company expects a 3.1% increase in operating revenues, which represent 99.1% of total revenues, up to 456.1 million lei, and a 3.6% increase in expenses from exploitation compared to the preliminary data of 2019, up to 394.6 million lei.

Conpet offers specialized oil transport services through pipelines and tank cars on the railway, ensuring the supply of refineries with oil and its derivatives from domestic production and from import.

The company operates a pipeline network with a length of 3,800 km, which crosses 24 counties of the country.