The Romanian unit of Hungarian oil and gas group MOL said it has opened a liquefied petroleum gas (LPG) terminal in Tileagd, near the border with Hungary, following a 2.3 million euro ($2.8 million) investment.
"We are very proud to inaugurate today the first GPL terminal built by MOL in Romania. It is a project that is a milestone in the company's long-term strategy, in order to optimize our logistics chain and diversify our business activity, as well as the portfolio of services to customers," Camelia Ene, country chairman and CEO of MOL Romania, said in a statement on Wednesday.
"The investment increases LPG access for current distributors in the region and increases business opportunities, but also access to this product for new small and medium-sized companies," she added.
The facility covers more than 10,000 sq m and comprises four LPG tanks with a total storage capacity of 600 mc and four discharge/charging pumps connected to two compressors. The plant is equipped with a fully automated, computer-controlled charging system.
In addition to Tileagd's oil products warehouse, MOL Romania also manages a storage unit for petroleum products in Giurgiu, which has direct access to river transport on the Danube.
MOL entered the Romanian market 21 years ago. In 2015, it bought 208 petrol stations in Romania, the Czech Republic and Slovakia from Italy's Eni. The Italian group operated 42 petrol stations in Romania under the Agip brand.