MOL invests 20m euros in network expansion

MOL Romania, the local branch of the Hungarian petroleum group MOL, will allocate 20 million euros this year to expand its petrol station network, with the first station to opened in 2008 being located in the town of Ludus, Mures county. “We will preserve our strategy to expand onto to important areas, that we have yet to tap into. Ludus is the first station opened so far, with new openings to follow. We have allocated 20 million euros for investments into expanding the petrol station network throughout the country,” said Zsolt Szalay, country manager of MOL Romania. According to the latest information available, the money could be used to open around 10 petrol stations this year. In the first quarter of 2006, MOL’s network was reduced in size by 19 stations, following an exchange with Petrom, which is held by Austrian group OMV.