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NeWS – eURoPe
8
Petrol Group opens
new fuel stations
Petrol Group d.d. has opened six new petrol
stations in the Balkans to strengthen its
foothold in the region operating now a
fuel network of 455 outlets. The Slovenian
company also plans to offer other sources
of energy at its retail network. Petrol, Slovenia’s
biggest public company by revenue
last year, has been expanding its retail
network in the Balkans as the region moves
closer to the European Union to benefit
from expanded business and trade. Last
December the company sold 33 million
euros (US $ 43 million) of corporate bonds
to finance investment and adjust its debt.
Resignations after
turcas sells stake
Turcas Petrol AS, a Turkish fuel retailer
owned by Aksoy Holding AS, has sold its
25 percent stake in Socar & Turcas Enerji
to the State Oil Co. of Azerbaijan, known
as Socar. Turcas also bought 18.5 percent of
Socar & Turcas Rafineri AS from Socar &
Turcas Enerji, as part of a plan to shift its
business from petrochemicals to fuel retailing
and refining. Erdal Aksoy and Saffet Batu
Aksoy resigned from the executive board of
Petkim Petrokimya Holding AS, Turkey’s
biggest chemicals maker controlled by
Socar & Turcas Enerji AS, Petkim said in
a statement to the Istanbul Stock Exchange.
oPW & FuelQuest
OPW Fueling Components EMEA and
FuelQuest Inc announce a global partnership
agreement. Fuel operators are now
able to enjoy the benefits of proactive tank
monitoring integrated with fuel management
automation software and services to
reduce fuel costs, lower working capital
requirements, identify incidences of theft,
and improve environmental compliance.
NIS to spend US $ 158 million in Serbia
Naftna Industrija Srbije AD, a Serbian oil
company controlled by OAO Gazprom Neft,
plans to spend as much as 13 billion dinars
bP buys into negative carbon fuel
BP has invested in yet another biofuels
startup. CoolPlanet BioFuels, a startup out
of Camarillo, Calif., has developed so-called
negative carbon fuels that look (chemically)
like crude oil, but does not contain carbon.
BP paid US $ 98.3 million last year to buy
the biofuel unit of Verenium and has invested
in Synthetic Genomics, among others. BP
didn’t disclose the amount of this latest
GFI Group & Petrol energetika agreement
GFI Market Data, a division of GFI Group
Inc., announced that it has entered into an
agreement with Petrol Energetika, a leading
Slovenian energy company and the principal
supplier of oil and other energy products to
the Slovenian market. Petrol Energetika will
use GFI market data to gain an insight into
markets with limited liquidity as well as
Gazprom pursues oMv’s Croatian and bosnian assets
OAO Gazprom Neft from Russia is interested
in buying OMV AG’s filling stations in Bosnia-
Herzegovina and Croatia. “We will pursue
projects if they create added value”, Deputy
Chief Executive Officer Vadim Yakovlev said
in St. Petersburg. Gazprom Neft has the
“financial capacity” for acquisitions, he said.
OMV, announced recently that it plans to sell
LAteSt NeWS, eveNtS, JobS oNLINe – WWW.PetRoLPLAzA.CoM
(US $ 158 million) to renovate as many as
250 of its gas stations in the country, the
company’s chief executive officer said. Work
to overhaul the stations should be complete
by 2015. The company operates a network
of more than 400 filling stations and are
looking at the profitability of the remaining
un-renovated stations and could either lease
them out or sell them. NIS is 56.15 percent
owned by Gazprom Neft and the Serbian
government has a 29.87 percent stake.
investment, which was part of a series C
funding round led by Shea Ventures. However,
CoolPlanet did say the financing round was
wrapped up ahead of schedule so it could
accelerate the development of its modular
fuel production plants. The company says
it expects to deploy hundreds of “relatively
low-cost modular plants” around the U.S.
in the next few years.
those that are in the process of deregulating
or have done so recently. Shai Popat, Head
of European Sales at GFI Market Data said:
“We will strive to provide them with the best
quality data in energy and the commodities.
Our data derives from EnergyMatch ® Europe,
our world-class electronic trading platform
for energy and commodities”.
its Balkan subsidiaries as it seeks to dispose
of 1 billion euros of less profitable assets.
The Croatian unit has 63 filling stations and
a market share of about 13 percent, while in
Bosnia, OMV has 28 filling stations and an 8
percent share. The sale also attracted interest
from OAO Zarubezhneft, a Russian oil-pipeline
operator, which submitted an offer last month.