Trade House KMG plans to raise its retail market share to 60% by 2015
March 26. Interfax-Kazakhstan. Almaty
Kazakh Trade House KazMunayGas (a subsidiary of KMG) plans to increase its market share in retail oil product trade to 60% by 2015.
“One of our first priorities is to meet the needs of the domestic market through a more expanded network of filling stations. The share of KMG Trade House in retail oil product trade now stands at 20%-21%. We plan to increase the share to 60% by 2015,” said Trade House KMG General Director Daniyar Berlibayev during the 5th Annual International Symposium and Exhibition on Refining and Petrochemistry, KazRefinEx 2010, on Friday in Almaty.
According to Berlibayev, the company also has plans to expand its retail network abroad. Currently the company operates 930 gas filling stations in Europe through its subsidiary Rompetrol. In Romania, in particular, the company plans to increase its market share to 30%.