The project is financed through a bank loan and from the company’s own revenue resources, Petrolexportimport said in a statement Monday.
Laird Resources, registered in the British Virgin Islands, holds 76.7% of Petrolexportimport.
Romanian fuels wholesaler Petrolexportimport Bucuresti (PEI. RO) will invest about EUR3 million in 2014-2015 in building a liquefied petroleum gas (LPG) warehouse in Popesti-Leordeni, near Bucharest, and in expanding an already existing fuel storehouse in the same locality.