Prista Oil posts lower turnover due to oil prices

Bulgarian manufacturer Prista Oil, one of the top lubricant importers on the local market, estimates its sales rate in Romania will go up 50% in the second half of the year, to 9 million euros. In the first half of the year, the car and industrial lubricants manufacturer posted sales worth 6 million euros in Romania, accounting for a 14% market share. According to Prista Oil, Lukoil holds the top position on the local lubricant market, while the Bulgarian company is on an equal footing with Hungarian-based MOL, according to the same source. The company had previously forecast a 20 million-euro turnover for its Romanian operations in 2008, but the appreciation in oil prices in the first half of the year had a negative impact on sales.