The company has already opened one station in Calarasi County (southern Romania) and plans to open three more by the end of December.
“The investment program of the company includes 15 filling stations by the end of 2018. The investment varies with price of land and cost of utility connections, from EUR250,000 to EUR350,000,” Razvan Mitu, manager of Bulrom Gas Impex, says.
The operator of the Octano gas stations will be Octano Downstream, a company part of the Bulrom Gas Impex group.
“We expect more than EUR1.5 million revenue per location,” Mitu said.
With 15 gas stations operational by the end of 2018, the network should generate more than EUR22 million revenue next year, ZF has calculated.
Bulrom Gas revenue dropped to 275 million lei (EUR60 million) last year, about 35% less than in 2015. Profit was down, too, by 27% to RON17.2 million. (EUR1=RON4.5984)
(English version by Loredana Fratila-Cristescu)