Socar opened four stations in Romania after an investment of 4 million euros, reaching a network of 24 units of fuel distribution. The new fuel stations are located in Buzau, Focsani, Bacau and Adjud.
A fifth new opening will follow this week, when Socar will inaugurate the first unit in Bucharest.
“We continue to expand nationwide, and we are very close to completing new stations in several major cities in the country,” said the general manager of Socar Romania, Hamza Karimov.
Socar entered the Romanian market by acquiring a fuel distribution network in 2011, a 90% stake in Botosani Romtranspetrol owned by Julian and wife Doina Berescu.
The azerbaijani company wants to reach 300 units over several years.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.