Romanian cargo handling companyOil Terminal, said on Wednesday it has
signed a deal estimated at 33.6million lei ($8.6 million/7.5 million euro) with
local refinery Petrotel Lukoil forservices to be provided by the terminal in
2015.
Under thecontract, Oil Terminal,located inthe Black Sea port of
Constanta,will handlethe oil imported by Petrotel Lukoil and products exported
by the company, Oil Terminalsaid in a statement filed with the Bucharest Stock
Exchange.
Petrotel Lukoil is located inthe southern city of
Ploiesti.Therefinery,owned by Russia's Lukoil,is currently under
investigation by the Romanian authorities for allegedmoney launderingand
taxevasion. In October, it halted production for several days afterlocal
prosecutorsseizedoil and oil products worth some 1.0 billion lei.
Oil
Terminal's shares were changing handsup 3.49% at 0.0920lei on the Bucharest
Stock Exchange by 1300 CET.