VILNIUS — The country’s largest fuel importer PKN Orlen is in the process of building five new petrol stations in Lithuania as it works towards greater market penetration.

The company is aiming to be among the biggest fuel retailers in the country. It is already the biggest importer of petrol and diesel and it also owns the Baltic region’s only fuel refinery.

The company has already [private_supervisor]signed preliminary agreements on some of the sites.

The company’s spokesman said that the crisis is the ideal time to expand their network in Lithuania.

“For two years, there was the station network development program, but prices grew a little and it was paused. Now it is time to move again — after a fall in both the construction and real estate prices, a favorable time,” company spokesman Jacek Komar told business newspaper Verslo Žinios.

The company is looking to expand, particularly in Vilnius, but there will also be expansion in other centers too.

The company said in 2007 that they would be looking to have 20 percent of the fuel retail market in both Lithuania and Latvia within five years.

PKN Orlen has 35 stations in Lithuania, 27 of which are in the capital, Vilnius. [/private_supervisor] [private_subscription 1 month]signed preliminary agreements on some of the sites.

The company’s spokesman said that the crisis is the ideal time to expand their network in Lithuania.

“For two years, there was the station network development program, but prices grew a little and it was paused. Now it is time to move again — after a fall in both the construction and real estate prices, a favorable time,” company spokesman Jacek Komar told business newspaper Verslo Žinios.

The company is looking to expand, particularly in Vilnius, but there will also be expansion in other centers too.

The company said in 2007 that they would be looking to have 20 percent of the fuel retail market in both Lithuania and Latvia within five years.

PKN Orlen has 35 stations in Lithuania, 27 of which are in the capital, Vilnius. [/private_subscription 1 month] [private_subscription 4 months]signed preliminary agreements on some of the sites.

The company’s spokesman said that the crisis is the ideal time to expand their network in Lithuania.

“For two years, there was the station network development program, but prices grew a little and it was paused. Now it is time to move again — after a fall in both the construction and real estate prices, a favorable time,” company spokesman Jacek Komar told business newspaper Verslo Žinios.

The company is looking to expand, particularly in Vilnius, but there will also be expansion in other centers too.

The company said in 2007 that they would be looking to have 20 percent of the fuel retail market in both Lithuania and Latvia within five years.

PKN Orlen has 35 stations in Lithuania, 27 of which are in the capital, Vilnius. [/private_subscription 4 months] [private_subscription 1 year]signed preliminary agreements on some of the sites.

The company’s spokesman said that the crisis is the ideal time to expand their network in Lithuania.

“For two years, there was the station network development program, but prices grew a little and it was paused. Now it is time to move again — after a fall in both the construction and real estate prices, a favorable time,” company spokesman Jacek Komar told business newspaper Verslo Žinios.

The company is looking to expand, particularly in Vilnius, but there will also be expansion in other centers too.

The company said in 2007 that they would be looking to have 20 percent of the fuel retail market in both Lithuania and Latvia within five years.

PKN Orlen has 35 stations in Lithuania, 27 of which are in the capital, Vilnius. [/private_subscription 1 year]

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