KMG branch to build 22 petrol stations in Georgia in 2014

Aug 12. Tengrinews

KMG branch to build 22 petrol stations in Georgia in 2014The Rompetrol Group N.V., a branch of KazMunaiGas National Company plans to open up to 22 new petrol stations in Georgia by the end of 2014, KazTAG reports.

“Rompetrol company will open 7 new petrol stations in Tbilisi by the end of 2013. As for the company’s further plans, it mulls opening another 10-15 stations in Tbilisi and other regions of Georgia in 2014,” Director General of Rompetrol Georgia Nurken Murzagaliyev said.

According to him, Rompetrol network in Georgia currently includes over 70 fueling stations. 19 of them are located in Tbilisi. The company’s share of the Georgian retail market of car fuel is 15-16 percent.

“Kazakhstan company also takes part in tenders held by the country’s state structures. Its clients include Georgian Interior and Defense Ministries. Rompetrol imports from Romania around 20 percent of the fuel that enters the country,” Murzagaliyev stressed.

According to him, the current fuel consumption in Georgia makes around 800 thousand tons per year.

Rompetrol Georgia was established in 2005. The company currently sells 5 types of fuel.

The Rompetrol Group N.V., subsidiary of Kazakhstan’s national oil and gas company KazMunaiGas, is a international oil company with the head office in Amsterdam. Rompetrol owns three refineries in Romania and a European network of over 1 thousand petrol stations. Rompetrol operates in 12 countries, with a majority of its operations in Romania, France, Spain and Southeastern Europe.

KazMunaiGas National Company is Kazakhstan’s national operator for exploration, production, processing and transportation of hydrocarbons. It represents the country’s national interests in Kazakhstan’s oil and gas sector. 100 percent of KMG stake is owned by Samruk-Kazyna National Welfare Fund.

http://en.tengrinews.kz/companies/KMG-branch-to-build-22-petrol-stations-in-Georgia-in-2014-21659/

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