The 11th Hifa Oil - Euro Oil filling station was officially opened in Maglaj, new investments announced

Doboj, November 15, 2019 - The 11th Hifa Oil - Euro Oil gas station was officially opened today in Maglaj in the village of Ljesnica on the M17 highway. The leading distributor of oil and petroleum products in BiH - Hifa Oil, announces the further expansion of retail in both domestic and foreign markets, thus continuing the previously started investment cycle of this company.

The new gas station found work for 10 Maglaj employees who have not been employed so far.

“We expect to have a total of 14 new gas stations in Bosnia and Herzegovina by the end of this year. After Maglaj in the next month, another pump will be opened in Podgorica (Montenegro), then in Gradačac and Hrasnica (Sarajevo). So far, we are the only oil company in Bosnia and Herzegovina to expand its retail outside our country. And in the next year, we continue to start a strong investment cycle early. After KM 16.5 million invested in the previous period, we will invest another KM 10 million in the time ahead. It is planned to further expand retail in domestic and foreign markets. We take retail as one of our new directions in the development of the company very seriously. This is confirmed by the increase in the number of retail outlets by almost 200 percent in a year, ”said Kenan Ahmetlic, CEO and Member of the Management Board of Hifa Oil.

The Euro Oil brand has already established itself in the market with excellent value for money, as well as the service offered by the Taha's brand with the concept of modern hospitality. All Hifa Oil retail outlets are designed to offer top quality fuel supply, vehicle washing, Euro Market shopping as well as rest and relaxation with excellent coffee, delicious pastries and other fast food culinary specialties.

In addition to Maglaj, in Bosnia and Herzegovina Hifa Oil operates gas stations in Sarajevo, Gracanica, Doboj, Teslic, Busovaca, Banovici, Rudo and Zivinice. With the pump opened this year in the capital of Montenegro - Podgorica, Hifa Oil is the first and so far the only domestic company to enter the foreign market in this segment of business.

Hifa Oil has been present in the retail segment since last year.