Company profile

Conpet is the natural monopoly player in oil transport in Romania, a majority state-owned company (58.7% stake). Since 2002, the company has been the concessionaire of the operation of the crude oil, rich gas, condensate and ethane National Transport System (NTS). Conpet’s main clients, Petrom and Lukoil, account for 99% of its transport revenues, and its operation is split between domestic transport and import transport, which registered transported volumes of 3.5mt and 3.6mt, respectively, in 2019. The company is regulated by the ANRM (the Romanian National Agency for Mineral Resources), with a “cost +” profit margin methodology.