JT Grup Oil announces the completion of the first stage of construction of the only private terminal for petroleum products in Romania. The value of the investment in the first phase of the project was 15 million euros. With the completion of the infrastructure works, the financing contract obtained from non-refundable European funds through the Large Infrastructure Operational Program (POIM) was also closed, through which the company benefited from 11 million euros.

With a total investment of 25 million euros, obtained from three sources of financing – equity, investment credit granted by UniCredit Bank Romania and financing through the Large Infrastructure Operational Program – upon completion, JT Terminal will be the first private terminal for petroleum products from Romania built in the last 50 years.

Located within the premises of Constanța Nord Port, the river-maritime area, the terminal will have eight tanks with a total storage capacity of 31,500 tons. Connected by rail and road to the port and national infrastructure, the new multi-modal and fully automated terminal will allow the simultaneous loading and unloading of ships, wagons and tankers, reducing waiting times in the port for loading or unloading fuels.

The loading and unloading capacity of the terminal is between 700 and a maximum of 1,000 tons per hour for ships, between a minimum of 300 and a maximum of 700 tons per hour for trains, and between a minimum of 40 and a maximum of 80 tons per hour for tankers. In addition, the terminal can load and unload barges from 3,000 to 9,000 tons, 16 wagons simultaneously on two parallel railway lines and 20 tankers.

In addition, JT Grup Oil S.A. aims to become a pioneer in creating an efficient and sustainable distribution network by offering innovative solutions that promote strategic partnerships. The company reaffirms its commitment to the environment by using green energy consumption produced by a 250 kW photovoltaic plant.

“JT Terminal will be the most modern terminal for liquid petroleum products on the Black Sea that offers storage and handling spaces for specific products such as diesel, biodiesel, bitumen and other liquid products with the final aim of distributing them on the domestic or foreign market of fuels. It is a large project, developed in two stages. The first stage, which involves the development of the infrastructure, was completed and, together with it, the financing project obtained from non-reimbursable European funds was also closed. The second stage, which we will carry out between March and December, consists in the development of the superstructure necessary to support the implementation of the project in its entirety. JT Terminal is the first and only Romanian private company to obtain financing on AA POIM, and the trust granted by the Romanian Government through the Ministry of Transport and Infrastructure underlines the value and importance of this project,” says Jean Paul Tucan, the majority shareholder of JT Grup Oil SA.

Also, after it will be 100% operational and thanks to its storage capacities, JT Terminal will increase the amount of imported fuels, but also the storage and distribution capacity of fuels, covering up to one million tons per year from the annual deficit of two million and half tons.

“JT Grup Oil is an important player on the fuel market and developer of the first private terminal for petroleum products in Romania. We have a management team that has demonstrated professionalism and resilience over time, two attributes that have helped us grow naturally over the last ten years and become a financially balanced company that has won the trust of over 500 clients from various sectors of activity. The development of the first private terminal in Romania is a natural evolution of the company, which came as a result of a deficit of 20-30% of the fuel storage and distribution capacity on the Romanian market. We are glad to see that now, nearing the completion of construction, the signals in the market opposite JT Terminal are positive. And this is confirmed by the interest of our partners from Bulgaria, Ukraine or Hungary who request storage and loading-unloading capacities of the products,” says Bogdan Aldea, Chairman of the Board of Directors and General Manager of JT Grup Oil S.A.

JT Terminal is a strategic investment both for the entire region and for Eastern Europe. With a capacity of one million tons per year, it will serve Romania, Hungary, Serbia, Austria and Ukraine, an enormous market, which today is in acute need of increasing storage and distribution capacities.