TIRANA, Aug. 5 – After winning the tender to establish a joint venture, Slovenian player Petrol, together with its new partner Montenegro’s state-owned oil firm MontenegroBonus, has officially launched the venture on the Montenegrin market, Mnnews reported.
The new company will be known as Petrol Bonus. Petrol Bonus will invest around 154 million Euro in the Montenegrin market. The main priority of the new company would be entry into the retail market with 20 service stations, construction of a laboratory and a storage depot for oil refined products, and engagement in gasification projects.
Petrol Bonus also expects to become the state’s partner in storing mandatory oil reserves. Petrol is also planning to expand the joint venture’s activities from Montenegro to neighboring markets such as Serbia, Bosnia and Herzegovina, Albania, FYROM and Kosovo as part of its regional development strategy.
