Agip invests 7m euros in five new filling stations

Agip Romania, the domestic branch of the Italian petroleum group Eni, will invest approximately 7 million euros in opening five new filling stations this year, stated the company’s general manager, Nicola Meuli. The Italians announced their intention to invest 36 million euros within the next four years, which would boost Agip Romania’s market share from 2%, to 4% after the investment programme is completed. “In order to have a comfortable position on the market, we would require a minimum share of 8%,” added Meuli. He also added that the big infrastructure projects announced on the market represent a significant development opportunity for the fuel retail market. Agip Romania estimates a 90 million-euro turnover, alongside a net profit of 2 million-euros for this year.