Romania: Agip Fuel Sales Turnaround
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Wednesday, 22 July 2009 |
 Agip Romania, the local subsidiary of petroleum giant Eni, says it has
already started to make up for the volumes of fuel lost in the first
five months of the year, when demand for petrol and diesel oil sold by
the company fell by 7.5%. Amounts sold in June even exceeded those sold
in June last year.
Nicola Meuli, General Manager of Agip Romania, says "We think
the oil market will lose around 10% in terms of volume in 2009.
However, over the last few weeks we have noticed the first signs of
recovery: We expect to exit the crisis tunnel in the not very distant
future. According to our analysis, the sales trend changed from
negative to positive, compared with the previous few months. The real
question is whether this recovery, or at the very least the lower
losses incurred, were the result of government measures aimed at
reviving the economy or if this is due to completely independent
reasons”.
Agip’s Romanian subsidiary took over ten petrol stations from MOL
Romania late last year, as part of a more extensive agreement signed by
Hungarian petroleum group MOL and Eni, which entailed the sale of ten
MOL petrol stations to Agip Romania, and the acquisition of 26 Agip
petrol stations by MOL Austria. In the wake of the deal, Agip now has
37 petrol stations and a 2.5% market share.
PetrolWorld 210709
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