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May 17, 2021
BUSINESS

Rompetrol Downstream to invest almost USD 40 M in 2015 and 2015

Rompetrol Downstream coordinates KMG International’s local network of fuel distribution stations. A dynamic sector in the midst of modernization.

Rompetrol Downstream plans to invest approximately USD 18 M in 2015 in order to open 11 new gas stations, for next year its investments being estimated at over USD 20 M and the number of new gas stations at approximately 20, Rompetrol Downstream CEO Vlad Rusnac stated on Monday.

“Approximately 11 new stations will open this year and 19-20 next year. The stations will be opened throughout the country, according to the Master Plan approved. The investment in a gas station totals USD 1-1.3 M. The investments in 2015 total approximately USD 18 M, and in 2016 over USD 20 M,” Rusnac stated at the inauguration of the company’s 133rd gas station, located on Viilor Street in Bucharest’s District 5.

The investment in the new gas station in Bucharest totalled USD 1.3 M, the station being built in line with a new concept “appreciated by clients.” The 134th gas station became operational last week in Sibiu and the 135th will be inaugurated next week in Petea, Satu Mare County, Agerpres informs.

Last year Rompetrol Downstream opened a single gas station, in Isalnita, however company representatives state that the rhythm will pick up speed in 2015. They estimate that the market will remain stable in 2015, showcasing a growth of approximately 1 per cent, the growth set to be higher next year on account of the lowering of the excise and of the VAT.

Included within the company are also the activities of the Rompetrol Gas subsidiary which operates 230 LPG stations, 9,000 distribution points for LPG cylinders and 3 LPG bottling stations in Constanta, Arad and Bacau, with a total capacity of 60,000 tons of LPG per year.

Rompetrol Downstream also coordinates the activity of the 6 storage sites strategically located in Arad, Craiova, Mogosoaia, Simleul Silvaniei, Vatra Dornei and Zarnesti, which ensure the distribution flow of fuels throughout the country.

Today the Group’s strategy for consolidation and growth at local and European levels is backed by the exclusive production of Euro 5 fuels at the Petromidia refinery, and by fuel distribution logistics.

Rompetrol Downstream is part of KazMunayGas International NV, a company owned by KazMunaygas (KMG), Kazakhstan’s national oil and gas company.

 

 

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