MOL plans to spend €10m on expansion in Slovenia

City

Hungarian oil and gas company MOL plans to spend almost €10m next year to expand its presence in Slovenia, the company said on Thursday, after opening its newest rebranded petrol station in the country.

MOL aims to get at least 10% of Slovenia’s retail fuel market.

MOL entered the market in Slovenia as a wholesaler in 1996. It started its own network of petrol stations in the country in 1998. With the acquisition of TUS’s 19 petrol stations in 2011, MOL’s network became the third-biggest in Slovenia.

MOL has 37 petrol stations in the country, giving it 7.2% market share. Six of the TUS stations have been rebranded and the process is expected to be completed at the rest by the end of the year.

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