Oil Terminal signs agreement for the construction of a bitumen terminal

Oil Terminal announced a partnership agreement with Euronova Energies regarding the construction of a bitumen terminal in the port depot.

The main elements of the agreement are:

– Partnership Agreement, according to which Oil Terminal will be the owner and operator of the built bitumen terminal and Euronova Energies will be the exclusive user of the bitumen terminal, based on an exclusive right of use.

– The realization of the Project / Investment in the Port depot of Oil Terminal SA, in order to ensure the premises for the construction and commissioning of the bitumen terminal, its operation by Oil Terminal and its exclusive operation / use by Euronova Energies SA, for a period of 10 years, for a guaranteed turnover of 80,000 tons/year, on the basis of a Service Contract to be concluded on the date of signing the works contract for the construction of the terminal.

Euronova Energies will bear the full investment costs of the terminal construction works, granted in the form of advances on future services, according to the progress of the construction works, until the commissioning of the Project.