The FINANCIAL — Company Rompetrol-Georgia plans to launch a new investment program in the country for the modernization and enlargement of its petrol stations network. Dan Voiku, Director General of the company Rompetrol-Georgia, reported at a press conference.
According to him, the investment plan of the company Rompetrol-Georgia includes several trends. These are, in particular, full modernization and improvement of the petrol stations, introduction of new service, testing of the petrol quality at a mobile laboratory. Shops will be opened at the stations, and appropriate infrastructure will be established.
The petrol stations network of Rompetrol in Georgia includes 25 stations with 10 of them in Tbilisi and 15 in the regions. The number of petrol stations is planned to be increased up to 30 in 2008.
Rompetrol-Georgia has been operating for two years. The share of the company on the Georgian market made 10% in 2007. The share is planned to be increased up to 15% in the current year.
In 2007, the volume of realization of fuel by the company made 70 thousand tonnes, while the turnover – USD 60 million. Net profit totalled USD 500 thousand in 2007.
KazMunaiGas has owned 75% of shares of the Romanian Company Rompetrol since 2007.
In terms of revenue, 2007 was a very important year because of the active start in the Georgian market,” Valentin Iani, PR Manager of Rompetrol Georgia, told The FINANCIAL.
Rompetrol Georgia is a member of the Rompetrol group, one of the top 25 multinational oil companies in Europe in terms of revenue. Established in 2005, at the end of 2007 the company was already operating a 25 gas station network covering the country and two warehouses – one in Batumi and one in Tbilisi.
“We opened new gas stations and upgraded them. Of course we are not satisfied but our sales have significantly increased and the turnover of Rompetrol Georgia was USD 67,000,000 in 2007,” added Iani.
“One of our most important objectives is to increase the sales of Rompetrol Georgia and estimated turnover up to USD 110,000,000,” said Iani.
“I can say that starting from this year, in Romania, a member of the European Union, we will produce only EUR 5 fuels. All the products we are importing are of high quality and are produced in Romania, in our refinery,” stated Iani.
According to Valentin Iani, Rompetrol is going to compete on the Georgian market with their high quality and reasonably priced products and services.
“Good does not equate to low prices. Rompetrol prices will reflect the high quality of the products and at the same time the company will do its best to make the prices as accessible for customers as possible. When a driver is using low quality, low costing products, this does not automatically mean that he is saving money,” Iani said.
“On the contrary, in the long term he will waste money, because he will damage his car using low quality fuel and will have to pay money to repair it. It is not necessary to mention the damage that low quality fuels are provoking in the environment and the effect this has on the health of us all,” Iani added.
According to Rompetrol Georgia (RPG), the company did Georgian market segmentation and are going to try to satisfy different types of clients. However the company is going to be focused on the clients that appreciate quality first of all.
This year Rompetrol Georgia (RPG) registered a 70% growth of sales in comparison with 2006. At this moment the company possesses 10% of the Georgian market share.
The Rompetrol Group N.V. is a multinational oil company headquartered in Amsterdam, The Netherlands, operating in 13 countries, and with the majority of its assets and operations based in France, Romania, Spain, and South-East Europe. The group is active primarily in refining, marketing and trading, with additional operations in exploration and production, and other oil industry services such as drilling, EPCM, and transportation. TRG aims to become one of the largest independent oil companies in Europe and obtain a strong position in the Black Sea and Mediterranean areas.
Rompetrol is a well-established oil company, a trustworthy worldwide partner, and a revered corporate citizen. The success and strength of our business lies first and foremost with our staff.
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