Jean Paul Tucan, JT Grup Oil SA: We are a strong and financially stable company that has resiliently managed to navigate the economic, financial and medical crises of recent years

JT Grup Oil S.A. has seen an exponential growth over two decades of activity, consolidating its reputation as a reference name in the fuel distribution sector. We started out with a single petrol station and a tanker, through which we served around 20-30 customers. At the same time, we also handled the transport of aggregate materials such as stone and sand, a business line related to our main fuel distribution activity.

In 2004-2005, we built a bitumen terminal in Medgidia, which we sold shortly after reception, and the revenue generated from the sale we chose to invest in the development of the fuel distribution network. Thus, we concentrated all our efforts in this direction and started to purchase tankers and fuel stations through which we started to distribute fuel in the South-East area of the country, an accessible region for us. Three years later, in 2008, we started to develop this network by introducing more than 250 tanks equipped with pumps and level indicators to the market. Since last year we have diversified our product range, and have entered the segment of diesel fuel free of duty, serving commercial ships for the Midia and Constanta ports.

We are a strong and financially stable company that has resiliently managed to navigate the economic, financial and medical crises of recent years, adapting quickly to market changes and external factors, thanks to a management team that has proven its professionalism and tenacity. Starting this year, the main focus is to increase our fuel storage and distribution capacity to develop our customer portfolio through strategic partnerships with major European industry players, and to invest in new lines of business and the consolidation of existing ones.

Once the project is 100% operational, our vision is to increase the volume of liquid oil products imported on the Romanian market, as well as their storage and distribution capacity, by developing logistic channels that will allow us to put on the market a larger quantity of fuels to cover the deficit for which there is already a demand. JT OIL is not an exclusive project for Romania, it is designed to supply the entire region, including countries such as Hungary, Serbia, Austria and Ukraine. The ability to simultaneously load and unload barges, trains and cisterns will allow a more efficient management of fuel flows reducing, at the same time, the cost and time of product handling operations.

With an annual capacity of 1 million tonnes and equipped with modern facilities and state-of-the-art equipment, JT Terminal will contribute significantly to minimizing the diesel deficit on the Romanian market, which currently stands at 2.5 million tonnes per year, and will facilitate the import and distribution of fuels from countries such as Ukraine, Moldova, Hungary, Serbia and Bulgaria via the Danube-Black Sea canal.

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We are talking about a strategic investment, which will strengthen Romania’s position as a regional hub for liquid petrol products and through which, in the next 5-10 years, we aim to become a leader in the Eastern and South-Eastern part of Romania.

Romania currently has only one terminal at the Black Sea, which belongs to the State and unfortunately cannot cover the fuel storage and distribution capacity that the market needs. Thus, the development of the terminal was a natural decision. I should mention that, at present, three more terminals are needed in Romania to cover the required amount of fuel on the market, but the access to the Black Sea is limited and does not allow the development of these terminals in the coming years.

Our main objective is to consolidate the fuel distribution activity and the investment in JT Oil is a strategic way for JT Grup Oil S.A. to strengthen its position on the market. Another objective is also to access new lines of business by diversifying the portfolio, and the terminal not only increases the capacity of fuel storage and distribution but also offers new business opportunities and income growth.

JT Terminal will be fully automated, allowing many of its operations to be managed and monitored by advanced computer systems. This automation will allow us to operate more efficiently by minimising human error and reducing the time it takes to load and unload ships, trains and trucks.

Currently, JT Grup Oil S.A. uses modern stock management systems, which monitor in real time the quantity of fuel in the bunkers located at customers’ sites and facilitate operations, helping to optimize processes.

Moreover, we place emphasis on sustainability and environmental protection, and to this direction we have developed advanced safety monitoring systems at the terminal that can detect and report potential fuel spills. These systems help reduce the risk of pollution and comply with environmental rules and regulations. By implementing these technological advances and innovations, JT Terminal significantly improves its operational efficiency and strengthens the company’s competitive advantage in the market, all of which contribute towards consolidating the company’s market position.

JT Grup Oil S.A. is an important player on the Romanian fuel market, and investing in a company with growth prospects represents an opportunity for investors seeking long-term passive income. JT Grup Oil S.A. has opportunities to grow the business and increase the value of the shares in the future, and the projections of up to 10 times the turnover in the next few years show a very good return. By listing on the stock exchange we aim to finance development projects through capital infusion. For us, getting listed on Bucharest Stock Exchange is the normal course of a growth process for a company with a bright future and great potential for development, and the terminal we are building at the Black Sea is unique and has a strategic importance for the Romanian economy, for the industry, but also for companies in the field.

The reason for our listing is also to increase the volumes of fuels trading on the local market , which will provide storage and handling facilities for specific products such as diesel, biodiesel, bitumen and other liquid products with the aim of distributing them on the local and international markets. Thus, once JT Terminal is 100% operational and with the stock exchange listing we anticipate an increase in the quantity sold from 50,000 tons to 500,000 tons annually.