Rompetrol will invest around $40 million in its Petromidia refinery, while the remaining funds will be used to revamp 60 gas filling stations and build 15 new ones, said Catalin Dumitru, retail and trading vice-president with Rompetrol.
“We will expand our gas station network, particularly in the Bucharest area,” Dumitru told a news conference.
The oil company also plans to expand its operations in Turkey, he said.
Rompetrol is fully owned by Kazakh state-run oil and gas company KazMunayGas.