Mol’s  sales volumes in Romania stagnate in first quarter

Oil and gas company Mol's sales volumes in Romania stagnated in the first quarter of this year, compared to the same period of last year, but the company’s market share on the Romanian market increased. In Romania, the sales volumes through fleet cards started to rebound after last year’s economic crisis, increasing with 1.1 percent, while the revenues from Mol gas stations on the Romanian market registered an increase of 9.2 percent, according to Romanian news agency Mediafax. In late March, Mol Romania was operating a network of 127 gas stations, compared to 126 last year. In April, the group opened two gas stations in Romania. Overall, Mol’s net sales increased by 31 percent from USD 4.5 billion in the first three months of last year to USD 5.9 billion in January-March of this year. Net income rose nearly five times in the first quarter from USD 98 million last year to USD 465 million supported by higher oil quotations on the international market and the company’s record oil production of more than 150,000 barrels per day. Mol Group is an integrated oil and gas group based in Hungary. It employs over 34,000 people internationally and it is the second largest company in Central and Eastern Europe. Alex Camburu, alex.camburu@romania-insider.com