Fuel distributor JT Grup Oil strengthens its position on the local market, in response to the growing demand for fuel storage and distribution capacities. The company has expanded its logistics capacity by another 4,000 tons, following an investment of approximately 3 million euros, which involved both the purchase and modernization of the largest tanker ship which was previously used for bunkering operations in the port of Constanta by Gazprom.
Currently integrated into the operations of JT Grup Oil, the JT DANUBE TERMINAL will contribute to the efficiency of transportation and distribution of oil products for the western part of the country. Moreover, the acquisition of the floating terminal is a strategic asset that will strengthen Romania’s energy independence and the expansion of the transportation and storage infrastructure for petroleum products in the region.
Bogdan-Florin Aldea, Chairman of the Board of Directors of JT GRUP OIL S.A. says: “This acquisition is not only a success for our company, but also a significant contribution to the strengthening of Romania’s position as a regional energy hub. JT Grup Oil reaffirms its position on the Romanian fuel distribution market and supports the stability and security of Romania’s energy supply, in a European context marked by changes and new challenges in the energy sector. Once again, we have demonstrated 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.”
Currently, JT Grup Oil is in the process of finalizing the construction works of JT Terminal, the newest private liquid petroleum products terminal. During 2024, the company made investments of over 19 million lei, the money being allocated for the completion of the terminal works, and acquired 5 new tankers, thus continuing its strategy of expanding its operational capacities.
