SOCAR to invest EUR 50 mln in Romanian retail network

Newsroom 03/07/2013 | 09:42

Azerbaijan’s SOCAR will invest around EUR 50 million in expanding the network of fuel stations across Romania.

The company opened earlier this week a new fuel station in Piatra Neamt taking the total network to 15, all of which are located in the Moldova region.

Hamza Karimov, CEO SOCAR Romania, said: “The SOCAR Investments in the national retail network are growing. We have acquired land for fuel stations across the country.”  

“The investment plans, the number of fuel stations and the national development pace in 2013 depend on the dynamic of the fuel markets in Romania and on the authorization process.”

Up to now, the company has made local investments worth EUR 30 million and created 235 jobs.

Ovidiu Posirca

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