INA, BEOPETROL SIGN COOPERATION AGREEMENT

ZAGREB, Jan 4 (Hina) - The agreement signed by the Croatian oil industry INA and Yugoslavia's Beopetrol in Belgrade on Wednesday envisages the delivery of 360 tonnes of oil products to Beopetrol and monthly service refining of 40,000 tonnes of oil at the Sisak Oil Refinery. #L# A statement issued by INA on Thursday said the agreement was signed by a member of INA's management board and executive manager for refineries and wholesale, Zeljko Vrbanovic, and Beopetrol's general director Mirko Rasovic. The two companies plan to expand their cooperation to lubricants as well. The agreement envisages the sale of 1,000 tonnes of lubricants, worth close to three million German marks, in the first half of this year. The cooperation between the two companies is being realised through Belgrade's Komercijalna Banka and Zagreb's Privredna Banka, which have established cooperation as well. The agreement is a result of negotiations between the companies' management boards, which lasted several months. For INA, the contract means full operation of the Sisak Oil Refinery and an increase in the sale of industrial and motor oils and lubricants. The cooperation with Beopetrol will be widened to joint performance toward third entities, i.e. the largest Yugoslav companies interested in the products of the INA - Lubricants plant, Vrbanovic said. (hina) rml