Tuesday, 14 August 2018

INA's Concession in Egypt Extended until 2023

ZAGREB, August 14, 2018 - The International Egyptian Oil Company's licence for the Ras Qattara concession in Egypt has been extended until 28 March 2023, Croatia's oil company INA said on Tuesday.

Thursday, 9 August 2018

MOL to Have Full Control over INA Oil Company?

ZAGREB, August 9, 2018 -The MOST party leader Božo Petrov expressed fear on Thursday that the government-sponsored draft law on the privatisation of the oil and gas group INA, which has been put to public consideration, would actually revoke Article 10 of the existing legislation, which would clear the way for MOL to completely take over the biggest Croatian company.

Thursday, 26 July 2018

Government Still Thinking about Buying MOL’s Stake in INA

ZAGREB, July 26, 2018 - Environment Protection and Energy Minister Tomislav Ćorić said on Thursday the process of a possible buyout of Hungarian energy group MOL's stake in Croatian peer INA was taking its course and that he expected an expert analysis by the government's consultants, Morgan Stanley and partners, to be ready by year's end.

Tuesday, 17 July 2018

Decision Revoking INA Exploration Licence Quashed

ZAGREB, July 17, 2018 - The INA oil company on Tuesday reported that it had received a ruling by the High Administrative Court quashing an earlier decision by the Administrative Court and a decision by the Economy Ministry to revoke an exploration licence for the Sava exploration site, and returned the case to be reconsidered.

Tuesday, 26 June 2018

United States and Russia Compete for Croatian National Oil Company INA

Castleton Commodities International has sent a letter to the government about the purchase of INA’s shares from MOL after Russian company Rosneft showed interest.

Sunday, 24 June 2018

Government Confirms US Interest for INA

ZAGREB, June 24, 2018 - The Croatian government has confirmed the receipt of a letter which US company Castleton Commodities International (CCI) sent to Croatian Prime Minister Andrej Plenković in mid-March, expressing its interest in being a new strategic partner to Croatia's oil company INA.

Saturday, 23 June 2018

US Investors Express Interest for INA Oil Company

ZAGREB, June 23, 2018 - Jutarnji List daily on Saturday published a formal letter which US company Castleton Commodities International (CCI) sent Croatian Prime Minister Andrej Plenković in March, expressing its interest in being a new strategic partner to Croatia's oil company INA.

Wednesday, 20 June 2018

INA Buys ENI's Gas Fields in Northern Adriatic

ZAGREB, June 20, 2018 - The Croatian oil company INA has agreed the purchase of the Italian ENI company's stake in the gas fields in the northern Adriatic, INA said on Wednesday, noting that it would become the sole owner of the Italian oil and gas group's ENI Croatia BV subsidiary and take over the management of the exploitation fields North Adriatic and Marica once all contractual terms were met, including approval by market competition agencies.

Saturday, 26 May 2018

INA to Take Part in Saving Petrokemija

ZAGREB, May 26, 2018 - The management of the INA oil company has decided that INA will take part in the recapitalisation of the artificial fertiliser company Petrokemija and INA will express its interest together with Prvo Plinarsko Drustvo, INA said on Friday.

Saturday, 28 April 2018

INA’s Profits Plummet in First Quarter

ZAGREB, April 28, 2018 - Revenues of the INA Group in the first quarter of 2018 amounted to 3.7 billion kuna, down 3% on the year, while net profit was a mere one million kuna, which is a significant drop compared to 199 million kuna generated in Q1 2017, according to a financial statement released on Friday.

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