SARAJEVO, Feb 28 (Hina) - The privatisation of Bosnia's oil industry will start this year, but only in Republika Srpska for now. According to Sarajevo's daily "Oslobodjenje", the Bosnian Serb entity's premier, Mladen Ivanic, announced
the first steps in the privatisation of the oil industry for the end of the year. he suggested that all oil companies in the country should also be offered for sale. In the Bosnian Federation, the "Energopetrol" distribution company is carrying out the sale of oil and oil products. Its privatisation, planned for the start of this year, was postponed after the financial police discovered irregularities in its work. The company's new management believes that they should wait to privatise the company until all of its pre-war property is returned, primarily gas stations and terminals, which is not expected to occur before 2003. For now it is still not kn
SARAJEVO, Feb 28 (Hina) - The privatisation of Bosnia's oil
industry will start this year, but only in Republika Srpska for
now.
According to Sarajevo's daily "Oslobodjenje", the Bosnian Serb
entity's premier, Mladen Ivanic, announced the first steps in the
privatisation of the oil industry for the end of the year. he
suggested that all oil companies in the country should also be
offered for sale.
In the Bosnian Federation, the "Energopetrol" distribution company
is carrying out the sale of oil and oil products. Its privatisation,
planned for the start of this year, was postponed after the
financial police discovered irregularities in its work.
The company's new management believes that they should wait to
privatise the company until all of its pre-war property is
returned, primarily gas stations and terminals, which is not
expected to occur before 2003.
For now it is still not known whether the federal government will
try to keep a larger part of the company's shares, or whether the
company's entire property will be offered for sale.
"OMV Istrabenz" has already expressed interest in purchasing
Energopetrol.
(hina) lml sb