French Total enters Polish market
11:53
French oil and gas company, Total S.A, plans to set up a chain of gas stations in Poland. Although the company currently owns two filling stations in the country, it aims to initiate a large-scale expansion.
“Our first target is 100 petrol stations in the next 2 years,” Thibaud de Lisle, the CEO of Total Polska was quoted as saying by Polish daily Rzeczpospolita.
Total intends to base its expansion on franchising agreements with independent operators. The company denies it is planning to purchase a chain of Lukoil stations, it also ruled out any other acquisitions. The amount earmarked for investments was not disclosed.
Total is one the five supermajor oil companies in the world. It operates in 130 countries and employs more than 110,000 workers.
