Tag: fuel network

Jugopetrol recorded slight loss in Q1 2021 – Montenegro, 04 May 2021

Montenegrin oil company Jugopetrol recorded a net loss in the amount of some 220,000 euros in the first quarter of 2021, compared to a loss of 80,000 euros in the same period last year. The company’s operating revenues dropped by 24.2 % in the first three months of 2021 and amounted to 19.21 mill Full […]

Coral opens two petrol stations under Shell brand – Macedonia, 23 April 2021

North Macedonian subsidiary of Greek fuel distributor Coral – Coral Fuels has opened two petrol stations under Shell brand, the first in the country. The two stations are opened near the border with Greece. Coral Fuels is planning to invest in opening of more petrol stations in the central part o Full article available for […]

Jugopetrol’s profit almost halved in 2020 – Montenegro, 31 March 2021

Montenegrin oil company Jugopetrol recorded a net profit in the amount of 2.62 million euros in 2020, which is an decrease of some 39.5 % compared to the previous year. The company’s operating revenues in the past year amounted to 82.5 million euros, which is 48 % lower compared to 2019, while it Full article […]