Danube Logistics Company finished the construction of the Giurgiulesti Oil Terminal

Danube Logistics Company Ltd (known previously as Azertrans Ltd) finished the construction of the Oil Terminal from the “Giurgiulesti” International Free Port. The inauguration festivity took place on Thursday, October 26. Tomas Moser, the General Director of Danube Logistics SRL and deputy-chairman of EasEur Holding BV mentioned that “the construction of the terminal” is “a historic moment”: for the first time Moldova will have direct access to the international energetic markets. The construction was finished one year before the term stipulated in the Investment Agreement and is the first stage of the investments in the zone of “Giurgiulesti” International Free Port. The next stage is the construction of terminals for goods and passengers. The activity of the oil terminal will start in the end of this year, after a complex launching a testing program is performed. Danube Ligistics Ltd together with Bemol Retail Ltd and Bemol Refinerz Ltd are subsidiaries of EusEur Holding BV, a Dutch company, specialized in investments in the energetic field of the countries from the South-Eastern Europe. The company performs its program according to the Investment Agreement signed in December 2004 by those three companies and the Government of the Republic of Moldova. The Terminal includes a berth for oil tanks, 8 tanks for stocking oil products with a total volume of 52 thousand tones, a complex system for pumping oil products from ships to tanks, as well as from tanks to trucks. The Terminal is also equipped with a modern system for collecting torrential flow and for filtering residual waters and those containing oil, and a fire prevention system. Administrative buildings will be constructed, which will be used as administrative headquarters, laboratory and eating hall. The value of direct sources invested by Danube Logistics in the construction of the Oil Terminal amounted to USD 23 mln. The International Free Port from Giurgiulesti, as a separate territory, with a special customs and fiscal regime is considered to be registered on July 29, 2005 since its first resident has registered – the company “Azertrans” Ltd, which is the main investor. Starting that moment a severe customs regime was settled. In less that one year, 15 residents and 11 companies, which performed the construction works were registered in the Port. At present, the total area of 41.9 is intensely enhanced.