Agip invests €7 mln in five new filling stations in Romania
Agip Romania, the domestic branch of the Italian petroleum group Eni SpA, will invest approximately €7 million ($9.4 million) 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 ($48.4 million) within the next four years, which would boost Agip Romania's market share from 2%, to 4% after the investment program 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 ($121 million) turnover, alongside a net profit of €2 million for this year. (zf.ro)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.