MOL doubles business

Hungarian group MOL”s business in Romania could exceed 300 million euros, almost twice as high as the results last year, now that the group has finalised the integration of the local fuel distribution network of Anglo-Dutch group Shell. The head of MOL Romania”s Business Development Department, Sorina Baltatu said this year”s turnover would include the results of the local MOL branch for the whole of 2005 in addition to the turnover of MOL Ro Comert SRL (the former Shell Romania) for April-December 2005. “Considering the results thus far we can estimate that MOL”s turnover in Romania will exceed 300 million euros in 2005,” Baltatu stated. The Finance Ministry website reveals that Shell Romania made a total turnover of 6,357bn ROL (156.8 million euros) and that MOL Romania posted 6,123bn ROL (151 million euros) in turnover during the same year. MOL”s acquisition of Shell”s Romanian business led to the former”s filling station network increasing to over 130 outlets. ZF