Construction works on the storage facility started in September 2012 and are slated for completion in 2015, country manager Kinga Daradics told a news conference Thursday.
The terminal in Giurgiu is located on a plot of 15,000 square meters and the facility has direct access to river transport on the Danube. The first stage of the project, completed Thursday, targets diesel fuel storage and sales.
The second stage of the project includes the construction of al the reservoirs for the facility, which will have a storage capacity of 7,000 cubic meters. The facility will be used for imported fuel from MOL’s refineries in other countries, which will then be sold in Romania.
MOL Romania targets a 15% market share in Romania by 2015, from 12% last year, and plans to open 17 new gas stations this year.
The company’s 2012 sales increased 4%, to 469,000 tons.
According to Daradics, the Romanian fuel market has declined and is expected to remain unchanged this year.
MOL entered the Romanian market in 1995 and currently has 137 filling stations countrywide.