The group is to invest some EUR 10m in this expansion that will see at least five new petrol stations open in the area of Ljubljana and the Gorenjsko region, where MOL currently does not have any petrol stations.

MOL currently operates 37 petrol stations in Slovenia. Piry said that the group's strategy was simple. "We wish to grow in Slovenia." He believes that the quality of MOL's fuels is its advantage before other petrol groups.

MOL, which has been present in Slovenia since 1996, generated EUR 130m in revenues last year.