OSCAR Downstream obtained the Deloitte „Best Managed Companies” certification, an initiative of Deloitte Private
OSCAR Downstream, the largest independent fuel distribution company in Romania, obtained the Deloitte „Best Managed Companies” certification, an initiative of Deloitte Private, thus joining the Romanian champions that take entrepreneurial excellence to international standards.
Best Managed Companies is a Deloitte Private program, developed in partnership with Banca Transilvania, the Bucharest Stock Exchange and the European Bank for Reconstruction and Development (EBRD). The program involves a rigorous assessment process based on an international methodology, and the Best Managed Companies certification is awarded by an independent jury.
This year’s jury consisted of Radu Hanga – President of the Board, Bucharest Stock Exchange; Cristian Popa - Member of the Board, National Bank of Romania; Cristian Nacu - Senior Country Officer, International Finance Corporation; and Professor Dr. Dorel Mihai Paraschiv - Deputy Rector, Academy of Economic Studies.
"It is an honor to be awarded this recognition, which confirms that OSCAR Downstream is a solid business and a reliable partner," Nicolae Bănică, CEO, says. "From the very beginning, OSCAR Downstream has been a challenger on the Romanian fuel distribution market. For over 22 years, we have been successfully competing with multinational companies and making our mark on one of the most competitive and strategic markets in the world. This was possible due to OSCAR’s committed alignment to international best practices and through continuous improvement. There were many confirmations throughout this evaluation process, but we also identified some homework to do and implement in such an important year, as 2024 is.”
One of the top 5 players in the fuel distribution market, OSCAR Downstream has more than 5,000 clients in its portfolio from key industries such as transportation, construction, industry or agriculture. The company has one of the largest fuel storage capacities in the country, of 70,000 cubic meters, and its own transport fleet of over 80 tankers.
This year, the company will strengthen its integrated logistics chain through a new Greenfield investment in its storage capacity, and extend its fleet to more than 100 tankers. OSCAR Downstream is also planning to continue the expansion on the retail market with its own gas stations, under the OSCAR brand, with the first units to be operational by the end of 2024.
