KOTOR/ZAGREB, Sept 10 (Hina) - A group of Ina experts this week is reviewing the business operations of Montenegro's Jugopetrol prior to purchasing the majority ownership package that INA is interested in.
KOTOR/ZAGREB, Sept 10 (Hina) - A group of Ina experts this week is
reviewing the business operations of Montenegro's Jugopetrol prior
to purchasing the majority ownership package that INA is interested
in. #L#
The Montenegrin government in August published an international
tender for the sale of 54 percent of shares in Jugopetrol and seven
interested companies applied including Croatia's INA.
The president of INA's management board, Tomislav Dragicevic, last
week announced that INA was interested in purchasing the majority
ownership package of Jugopetrol.
By taking over Jugopetrol, INA could expand even more on the
neighbouring market which is one of its strategic objectives, INA
officials stressed.
INA has been co-operating with Jugopetrol in Kotor for several
years now and has long-term arrangements to supply oil derivatives.
Late last year INA signed a contract with Jugopetrol which foresees
the supply of 200,000 tonnes of oil derivatives to the Montenegrin
market valued at US$45 million.
(hina) sp it ha