Conpet Ploiesti | Romania Feed

Romanian state-owned oil transporter Conpet Ploiesti ended 2023 with net profit of RON60.2 million, down 2.3% on the year, and a turnover of RON485.1 million, up 2.7% on the year, in line with data from the company's annual preliminary report published at the Bucharest Stock Exchange.

Oil transmission company Conpet Ploiesti (COTE.RO), majority held by the Romanian government via the Energy Ministry, announced on the Bucharest Stock Exchange on Monday evening that shareholder Utilico Emerging Markets PLC notified it its stake had dropped below the 5% line to 4.99%.