Austria-based OMV oil group will invest more than $160 million in Romania over the next five years, opening 82 new gas stations, Vlad aeitan, marketing manager of the company told Mediafax.
OMV, which holds 18 gas stations in Romania, will open another 12 this year, in a $20 million investment. "OMV believes in Romania's economic potential and wants to consolidate its position on this market and its status in CEE by making investments," aeitan added.
The company on July 1 will launch the OMV card, aimed at large fuel consumers, to grant price reductions up to 75 lei per fuel litre. OMV will introduce fuels compliant with Euro 3 pollution standards on the Romanian market by the end of the year.
aeitan estimates the prices of these fuels will range between 20,000 -22,000 lei per litre. OMV's turnover forecast for 2001 amounts to more than 1,000bn lei (some $35 million), up 30% since last year, as the company is planning to attain a 10% market share compared with the current 2%.
OMV Group, operating in Austria, Italy, Germany, Hungary, Croatia, Czech Republic, Slovakia, Bulgaria and Romania, registered 5.2bn euros in turnover last year. Mediafax
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