14.6 C
Bucharest
February 25, 2021
BUSINESS

MOL Romania’s retail sales volumes grew 21% in the third quarter

MOL Romania’s retail sales volumes (including fuels, lubricants and LPG) grew 21% in the third quarter and 16%, in the first nine months, respectively, mainly due to the enlarging of the service stations network, parent company MOL Group said in a flash report on Friday.

In the July September period, retail sales volumes of MOL Romania stood at 166 kilotons (kt), up from 137 kt in the year-earlier period. In the first nine months, volumes were recorded at 433 kt, compared to 373 kt in the same interval of 2014. Diesel fuel sales were dominant, rising 14% in the 9mo period, to 309 kt, and 19% in Q3, to 118 kt. As for gasoline, volumes stood at 112 kt in January-September, up 17%, while Q3 posted 43 kt, a 23% rise.

MOL Group overall retail volumes rose 10% in the first 9 months, to 2,903 kt, on the back of recovering fuel demnd in the CEE region. The company postes its best quarterly profit in history, as Clean CCS EBITDA stood at USD708 million.

MOL Group entered the Romanian market in 1995. The company expnded its retail network to 200 service stations, after acquiring a smaller network, early 2015, and is a leading fuel distributor and provider of fuel-ralated services, bitumen and chemical products.

MOL Group is an integrated, independent, international oil and gas company, headquartered in Budapest, Hungary. It is active in over 40 countries with a dynamic international workforce of 27,000 people and a track record of more than 100 years in the industry. MOL’s exploration and production activities are supported by more than 75 years’ experience in the hydrocarbon field. At the moment, there are production activities in 8 countries and exploration assets in 14 countries. MOL Group operates four refineries and two petrochemicals plants, under integrated supply chain management, in Hungary, Slovakia and Croatia, and owns a network of more nearly 2,000 service stations across 11 countries in Central & South Eastern Europe, 200 in Romania.

 

Related posts

Scania in tie-up talks with MAN

Test

ZEW: Romania, worst deterioration of economic prospects in CEE

Nine O' Clock

Vodafone Romania launches 4G commercial services

Nine O' Clock