Galnaftogaz Adds Seven Stations to its Network

According to a companypressrelease oil products retailer Galnaftogaz (GLNG: BUY) increased its network from 260 (as of mid-February) to 267 stations, while entering Poltava region. OKKO-branded stations grew by five to 221. Galnaftogaz said that it plans to expand its chain to 340-360 stations during 2008. The expansion will be funded by loans attracted from the EBRD and the International Finance Corporation.