Double business for Argus in first 6 months
The oil market in Romania is estimated at about 250,000 tonnes of oil a year, worth over 200 million euros. The main players on the local market are Bunge, Argus, Cargill, Prutul and Expur.
The above-mentioned company owns an oil factory in Constanta and several spaces to store cereals in the Counties of Constanta, Calarasi (southern Romania) and Tulcea (south-eastern Romania).
Last year Argus posted 34.9 million euros in turnover, up by 16% as against 2006, and got a net profit of 1.4 million euros after a net loss of 3.04 million euros in 2006.
The main brands in the Argus portfolio are Argus, Tomis and Sora Soarelui. The company mainly produces refined oil, meant for the domestic market.