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Montenegro: Lukoil Expands Network

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Friday, 23 May 2008
Lukoil Montenegro has started it's development and expansion plans to invest €15 million in new petrol stations, said Lukoil CEO Robert Ferluga.

The company's investments in Montenegro total so far €30 million. "Petrol stations will be built in several Montenegrin cities and towns according to the latest world standards, a mini market, café and an automatic carwash included.

The new development and expansion programme will see the first new service station opened by the end of May, while another four will be opened by August" Ferluga stated. The expansion of Lukoil's business in Montenegrin market, said Ferluga, is a part of the strategy of retail network expansion in the regional market.

Lukoil has operations in Serbia, FYROM, Croatia, Bosnia and Herzegovina and Montenegro. Lukoil cooperates with Jugopetrol, which owns most petrol stations in Montenegro.

PetrolWorld 210508 

 
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