Gazprom Neft to invest EUR 150 mln in local gas filling stations by 2015

Newsroom 01/07/2013 | 11:39

Russia’s Gazprom Neft, the oil arm of Gazprom, plans to invest over EUR 150 million locally to develop a network of 120 gas filling stations by 2015.

The company already operates in Romania 12 such stations through its subsidiary NIS, the Serbia-based oil company. NIS inaugurated last week two filling stations on the A1 highway, which connects the cities of Bucharest and Pitesti.

“We have an expanding activity, not just in exploitation and production, but also in marketing and sales, and the geological field. We can invests several hundreds of million euros for exploitation and production in the Romanian economy. We want to build a retail network, we currently have 10 filling stations, and we want to have 50 stations by year end, and by 2015 our network should have 120 stations, after an investment of more than EUR 150 million,” said Kirill Kravchenko, the NIS CEO and deputy CEO for Foreign Asset Management in Gazprom Neft, during the inauguration event, quoted by Agerpres newswire.

Mihai Adrian Albulescu, state secretary within the Ministry of Economy – energy department, said during the same event that Romania is the second European country where Gazprom started to operate filling stations. He added that Gazprom’s entrance on the market increases competition, which in turn may lead to a reduction of fuel prices.

Gazprom plans to have 250 filling stations in the Balkans by the end of 2015, for which the operational management will be performed by NIS.