Rompetrol Plans 350 New Stations in Black Sea Region, ZF Says

Rompetrol Group NV, Romania’s second-biggest oil company, plans to open 350 new filling stations in countries in the Black Sea region, Ziarul Financiar reported, citing the company’s chief executive officer.

Rompetrol seeks to open about 150 stations in Romania and others in Bulgaria, Georgia, Moldova and Turkey in the next five years, CEO Zhanat Tussupbekov said, according to the Bucharest- based newspaper.

The company completed an investment of about $380 million in upgrading its Petromidia refinery and boosted the refining capacity to 5 million tons from 3.5 million, Ziarul Financiar said.

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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