“The group’s trading activity will maintain its upward trend,” Argesanu told MEDIAFAX.
The group operates 15 fueling stations and it plans to open another 20 units this year. The plan is to reach a total 100 stations by the end of 2014.
On the production segment, the group is currently completing the construction of a biodiesel plant in eastern Romania. The unit will come online in the final quarter of this year.
“The network development plan for 2012 is covered from bank funding,” Argesanu said.
In addition, Bioromoil plans to expand oil product trading, through the consolidation of partnerships with refineries in Romania and in the region.
Over the next two years, the group plans to construct 50 fueling stations in Slovakia, the Czech Republic and Ukraine.
So far, the group has invested some EUR5 million in its AutoMat gas station network.
The Bioromoil group started biofuel activities in 2007, specializing in biodiesel distribution.