Daradics also said that infrastructure projects, should they yield results, could also impact the local fuel market.
In turn, Lars Haglund, senior vice-president of MOL retail division, said MOL group wants to make it among the top three fuel distributors on the markets it operates and Romania is MOL’s third largest market.
MOL invested nearly EUR11 million in Romania in 2014 in opening 12 gas stations and plans to continue its investments on the local market.
Hungary’s oil and gas group MOL on Monday said it successfully completed the acquisition of 42 gas stations from ENI Romania, part of Italian group Eni, reaching a network of approximately 200 units in Romania. Eni’s 42 gas stations in Romania operate under the Agip brand. According to Daradics, the rebranding of Agip gas stations will “probably” be completed by the end of 2015.
In terms of international strategy, MOL plans to focus on the segment of non-fuel products sale, which it sees growing “aggressively” in the next two years.
MOL Romania, part of Hungary’s MOL, has been operating on the Romanian fuel distribution market since 1995.