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Lukoil Romania last year derived an
operating income worth €50.5 million on the
local market, up 142% against initial estimates.
Through its distribution and service stations, Lukoil controls
25% of the fuel market and has a service station network of 300.
The increase in sales was due to a 119% increase in fuel and lubricant sales
against original estimates, up to 766.4 thousand tonnes, according to
company data. Last year, Lukoil Romania's turnover stood at €1.18
billion, slightly up against the €990 million posted in
2006.
Lukoil Romania is involved in an investment programme that
aims to expand petrol stations along Pan-European Transport Corridors.
The planned investments is in excess €7
million.
"This year, we could build another 6-7 petrol
stations next to motorways, but it all depends on the results of
tenders we have taken part in. No further service station acquisitions
are planned," says Radu Georgescu, HR manager at Lukoil Romania.
Lukoil is also present in Romania through the Pitesti-based
refinery Petrotel Lukoil, which it acquired in 1998. Last year, the
refinery logged sales worth €1.27 billion,
whilst the operating revenue exceeded €15.3 million.
Overall investments made by Lukoil in Romania
amount to €384 million, a figure that
includes the €160 million invested in
Petrotel Lukoil.
PetrolWorld 240508
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