Tag: INA

Amendments to INA privatization Act adopted – Croatia, 21 February 2019

The Croatian Parliament adopted amendments to INA privatization Act, despite the protests of the opposition parties and concerns voiced by experts. According the Act’s opponents, it gives too much controlling power in Croatian oil company INA to Hungarian MOL, therefore the state with 44.8 % stake i Full article available for subscribers of Energy NEWS […]

MOL seeks 880 million euros in INA arbitration – Croatia, 06 February 2019

Hungarian oil and gas company MOL is seeking 880 million euros in compensations from Croatia in the arbitration procedure before the International Centre for Settlement of Investment Disputes (ICSID) in Washington, because the Croatian side did not comply with the obligations from the gas business a Full article available for subscribers of Energy NEWS service […]

Transformation process at Sisak refinery to start in H2 2019 – Croatia, 17 January 2019

The management of Croatian oil company INA met with the representatives of three unions of Sisak oil refinery to discuss the future of the plant. The management assured that there will be no collective lay-offs and talks on the level of severance pay will continue. Processing of crude oil at Sisa Full article available for […]