Mitan Oil

What Mitan Oil does

Mitan Oil d.o.o. is a Serbian petroleum storage and handling terminal operator, founded in 2014 and headquartered in Belgrade, with its main terminal in the industrial zone of Smederevo on the banks of the Danube river. The company operates thirteen vertical above-ground cylindrical storage tanks with a combined capacity of 50,000 m³ for Euro diesel and unleaded motor gasoline, built with French and German industrial technology and equipped with fire suppression, fire detection, explosive gas and vapor detection, smoke evacuation, and gasoline vapor recovery systems, alongside a dedicated firefighting unit and licensed physical security. In 2019 the company was granted a 25-year permit to operate as a port operator in the International Port of Smederevo and has since executed substantial investment projects to upgrade port infrastructure and superstructure, including dock works, transformer station, separator, footbridge, and fire protection upgrades.

The business model is B2B managed services: revenue is generated through negotiated storage rental agreements and handling, loading, and manipulation fees on petroleum products delivered to leading participants in the Serbian oil sector and the broader Balkan region. Named customers include KazMunayGas Trading AG and MOL Serbia d.o.o., with distribution conducted through direct enterprise engagement supported by named contacts for storage rental and goods sales inquiries. The terminal is registered for customs procedures under the Free Zone of Smederevo regime, allowing Mitan Oil to offer tenants customs duty deferral and simplified procedures layered onto its core storage and port services.

The company is a privately held Serbian d.o.o. (private limited liability company) managed by Directors Dušan Vuković and Vanja Špiljak Maas, with 11-50 employees and no disclosed parent company or external investor ownership. It holds SRPS ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications issued by JUQS with IQNet international recognition, plus dedicated licenses for storage, wholesale trade, and transit of petroleum derivatives. Mitan Oil is a member of the Swiss-Serbian Chamber of Commerce, the PRO-DANUBE Association, and the Ports and Docks Group of the Serbian Chamber of Commerce, anchoring its commercial position along the Danube corridor.

Name

Mitan Oil

Legal name

MITAN OIL d.o.o.

Website

https://mitanoil.rs

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Mitan Oil is a Serbian petroleum storage terminal operator providing Euro diesel and unleaded gasoline storage across 13 tanks with 50,000 m³ capacity at its Danube-side Smederevo facility, serving leading oil sector participants in Serbia and the Balkans.

Ownership category

akta.pro rank

Product category

Petroleum Storage and Handling Services

NAICS

Petroleum Bulk Stations and Terminals (424710), Petroleum and Petroleum Products Merchant Wholesalers (4247)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro primary industry

Marine Terminals & Port Storage (Jetties, Docking, Bunkering Interfaces) (EUALAEAG)

akta.pro secondary industry

Crude Oil & Condensate Terminals (Tank Farms, Marine/Truck/Rail Loading) (EUALAEAA)

Keywords

• Petroleum storage services
• Oil terminal operations
• Danube port logistics
• Free zone customs
• Liquid fuel handling

Headquarters

HQ city

Belgrade

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Others, Technology or R&D, Marketing or Sales

Revenue model

1. Storage and Handling Services: Revenue is generated through the rental of storage space and the provision of handling services for liquid petroleum products (Euro diesel and unleaded motor gasoline) to oil sector participants. Services include physical manipulation, loading/unloading, and custody of petroleum products at the terminal facility.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Mitan Oil provides storage and handling services for liquid petroleum products—specifically Euro diesel and unleaded motor gasoline—at its Smederevo terminal on the Danube river, which comprises thirteen cylindrical tanks with 50,000 m³ total capacity. The company additionally operates as a licensed port operator in the International Port of Smederevo (25-year permit issued in 2019) and offers Free Zone Smederevo customs services that provide stimulative incentives to tenants.

Product overview

Mitan Oil operates as a petroleum product storage and handling terminal with three integrated core service offerings: Terminal Storage Services (handling and storage of Euro diesel and unleaded motor gasoline across 13 vertical cylindrical tanks with 50,000 m³ capacity), Port Operations (licensed port operator services in the International Port of Smederevo with Danube river access), and Free Zone Customs Services (customs procedures under the Free Zone of Smederevo regime providing incentives to tenants). Since 2014, the company has served leading participants in Serbia's oil sector using technology from French and German manufacturers.

Differentiator

Problem solved

Functional benefit

Products and services

• Terminal Storage Services Handling and storage of Euro diesel (ED) and unleaded motor gasoline (BMB) for leading oil sector participants in the Serbian market, utilizing thirteen vertical above-ground cylindrical tanks with 50,000 m³ of total storage capacity at the Smederevo terminal.
• Port Operations Licensed port operator services at the International Port of Smederevo, including dock operations and Danube river maritime access for liquid petroleum product shipments into Serbia and the wider Balkan region.
• Free Zone Customs Services Registration for performing a range of customs procedures under the Free Zone of Smederevo regime, providing stimulative benefits and incentives to tenants, including customs duty deferral and simplified customs handling.

Quantifiable outcome

• Mitan Oil terminal has become an alternative entry point for oil products into the Serbian market and serves as an access point for the entire Balkan region.

Named customers3 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered minor and moderate.

• Swiss-Serbian Chamber of CommerceminorOthersMitan Oil is a member of the Swiss-Serbian Chamber of Commerce, an industry association facilitating business networking and trade relations between Swiss and Serbian companies.
• PRO-DANUBE AssociationmoderateStrategic or Co-development PartnerMitan Oil is a member of the PRO-DANUBE association, which promotes and supports business along the Danube river corridor. This aligns with Mitan Oil's strategic use of the Danube as a transport route for petroleum products.
• Ports and Docks Group of the Serbian Chamber of CommerceminorOthersMitan Oil is a member of the Ports and Docks Group of the Serbian Chamber of Commerce, an industry body representing port and terminal operators in Serbia.

Scale indicators4 records

Recent moves7 records

Expansion highlights3 records

Broad incumbents

• Vitol: Vitol is the world's largest independent energy trader with global midstream and logistics operations including owned tank storage and terminal infrastructure. Comparable to Mitan Oil as a global petroleum logistics operator whose storage infrastructure supports trading and distribution activities for fuel-sector counterparties.
• MOL Group: MOL Group is a Hungarian multinational integrated oil and gas major with upstream, midstream, refining, and retail operations across Central and Eastern Europe, including MOL Serbia d.o.o. — one of Mitan Oil's named enterprise customers. Comparable as a regional oil incumbent with significant midstream and storage assets that overlap Mitan Oil's served market.
• OMV Petrom: OMV Petrom is Romania's largest integrated oil company with refining, retail, and significant midstream/storage operations. Comparable to Mitan Oil as a regional CEE oil incumbent with parallel logistics and storage infrastructure serving neighboring Balkan markets.
• Gunvor Group: Gunvor is one of the world's largest independent oil and petroleum-product traders, owning and operating significant midstream storage and logistics assets globally. Comparable to Mitan Oil as a petroleum trader with proprietary storage infrastructure serving large oil-sector counterparties.
• NIS (Naftna Industrija Srbije): NIS is Serbia's largest oil company with integrated refining, wholesale, retail, and storage operations, majority-owned by Gazprom Neft. As the dominant Serbian fuel-sector participant, NIS represents both a potential competitor for storage tenants and a parallel midstream operator with overlapping infrastructure serving the same national market.

Direct peers

• Oiltanking: Oiltanking is one of the world's largest independent tank storage providers, operating marine terminals for petroleum products, chemicals, and gases. Comparable to Mitan Oil as a global independent operator of refined-product storage terminals with port-based marine infrastructure serving oil majors and traders.
• LBC Tank Terminals: LBC Tank Terminals is a European independent tank storage operator with terminals across the region storing petroleum products and chemicals. Comparable to Mitan Oil as a mid-scale independent operator of refined-product storage terminals serving oil majors and traders in European markets.
• Vopak: Royal Vopak is the world's largest independent tank storage company, operating a global network of marine terminals storing oil products, chemicals, and gases. It is the closest direct comparable to Mitan Oil given its independent-operator business model focused on storage and handling of refined petroleum products at port-located terminals.
• Transpetrol: Transpetrol is the Slovak state-owned operator of crude oil pipelines and petroleum product terminals in Central Europe. Comparable to Mitan Oil as a regional petroleum midstream operator providing pipeline- and terminal-based logistics services to oil majors across the broader CEE/Balkan region.

Regional players

• INA (Industrija nafte): INA is a Croatian multinational oil company with refining, retail, and midstream operations across the Balkans and broader Adriatic region. Comparable to Mitan Oil as a regional Balkan oil incumbent operating parallel storage and logistics infrastructure in adjacent geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/mitanoilserbia
• LinkedInlinkedin.com/company/mitan-oil

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mitan Oil