Rompetrol to enter Turkish market

The Rompetrol Group is interested in the Turkish market and is exploring oil product distribution possibilities both in cities and rural areas, Rompetrol Senior Vice President Azamat Zhangulov told journalists on Wednesday.

He said there is very strong competition in market of retail sales of oil products. Today Rompetrol Turkey has been established and a strategy is being developing.

Also the company is also in talks with several Turkish companies to join efforts to develop the business of distribution.

The Rompetrol Group is a 100-percent subsidiary of “KazMunaiGas”. “Rompetrol” is a major oil and gas holding of Romania. It consists of three plants, as well as over a thousand gas stations in Romania, France, Spain, Moldova, Ukraine, Bulgaria and Georgia.

“KazMunaiGas” is Kazakhstan’s national operator for exploration, production, processing and transportation. A 100-percent stake in “KazMunaiGas” is owned by Kazakh National Welfare Fund “Samruk-Kazyna”.