“It’s very important to SOCAR to keep up the expansion rate its has planned for this year. Besides raising the number of gas stations, we also target vast coverage of the entire country. Our strategy for the future will be along the same lines as in 2014. To this end, the company raised its share capital by EUR58 million in June,” SOCAR Romania general manager Hamza Karimov said in a press release Friday.
SOCAR owns gas stations in 12 counties in Romania.
The company entered the Romanian fuels distribution market in 2011 and plans to reach a network of 300 gas stations in Romania in a few years.