•  
  •  
  •  

Gazprom Neft Marine Bunker buys Romania's Marine Bunker Balkan

BUCHAREST (Romania), March 27 (SeeNews) - Russia's Gazprom Neft said on Wednesday the operator of its bunker business, Gazprom Neft Marine Bunker, has acquired from Unicom Holding its first international asset, Romania's Marine Bunker Balkan, which operates in the Romanian Black Sea port of Constanta.

The move is in line with Gazprom Neft Marine Bunker's strategic objective of becoming a significant player on the international market.

"Gazprom Neft Marine Bunker plans to further expand its presence in Romania to the ports of Mangalia and Midia, with bunker fuel supplied from Gazprom Neft’s Russian and Serbian refineries," the Russian company said in a statement.

The terms of the deal were not disclosed.

Marine Bunker Balkan manages two bunker vessels, one storage vessel with a capacity of 4,000 tonnes and two mooring barges. It also leases the Constanta Oil Terminal with a capacity of 1,500 tonnes.

The port of Constanta is one of the top ten ports in Europe and the third largest in the Black Sea region. Being an important link between Europe and Asia, as well as a connection to the shipping corridor of the Danube river, Danube river transit and vessel docking in Constanta are expected to grow by 1.0-2.0% per year through 2025.

Gazprom Neft Marine Bunker was formed in 2007 to organise year-round supplies of vessel fuel and lubricants for marine and river transportation.

Compare
5 / 5 free articles left this month
Get more for free. Sign up for Basic subscription
Get full access. Upgrade to Premium subscription