OMV plans €15 mln expansion of gas station network in Hungary

Pharma

Austrian oil and gas company OMV plans to spend €15 million (Ft 4 billion) to build about 40 gas stations in Hungary, refining and sales director Gerhard Roiss announced in Vienna on Wednesday.

OMV currently operates 164 gas stations in Hungary. Beyond the increase of its retail network, OMV does not plan other investments in Hungary, Roiss said.
Roiss said OMV considered the investment worthwhile because of the cheap cost of transporting its products to Hungary: OMV ships the products from its refinery in Schwechat down the Danube to Hungary. He added that OMV does not wish to compete with Hungarian oil and gas company Mol Nyrt, but rather aims to establish its presence on the market for premium products.
OMV earlier purchased Aral's and BP's petrol stations in Hungary.

ADVERTISEMENT

Business, consumer confidence improves - Századvég Analysis

Business, consumer confidence improves - Századvég

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

Martina Cifer joins Avison Young Hungary Appointments

Martina Cifer joins Avison Young Hungary

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.