Bogdan Tudorache

The Kazakh – Romanian Energy Investment Fund inaugurated in Timis county a new fuel station, an investment of approximately 1.3 million USD ensuring the creation of 16 new jobs. Recently, the fund opened another unit in Targu Mures locality.

The new station is located at Ghiroda, an important road junction for the traffic in the area – the connection to the Timisoara airport and ring road, highway A1, as well as to the European road E70 to Lugoj.

“Established at the end of October last year, in February, the Investment Fund approved two major projects – the construction of a co-generation plant on Petromidia platform and the development of a fuel station network, locally. By sustained effort from the two shareholders of the Fund (Societatea de Administrare a Participațiilor în Energie and KMG International) we managed to reach and currently operate a number of 20 fuel stations, and by the end of the year, we planned to complete other 6 stations and start the works for other 4 units,” says Iskander Abdibaitov, the general manager of the Romanian-Kazakh Energy Investment Fund.