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OIL GIANT INA TO EXPORT USD 40 MILLION TO MONTENEGRO

ZAGREB, Feb 20 (Hina) - Croatia's oil company INA on Tuesday signed a contract with Montenegro's Jugopetrol on the export this year of more than 250,000 tonnes of oil products and others goods worth some $40 million.
ZAGREB, Feb 20 (Hina) - Croatia's oil company INA on Tuesday signed a contract with Montenegro's Jugopetrol on the export this year of more than 250,000 tonnes of oil products and others goods worth some $40 million.#L# The contract was signed by INA chairman of the board Tomislav Dragicevic and Jugopetrol's managing director Nikola Dragomanovic. Both said they were very pleased to resume cooperation begun last April. Dragomanovic said the Kotor-based Jugopetrol hoped to further expand cooperation with INA, which he added was a reliable supplier. Both heads said the introduction of direct payment, via Privredna Banka Zagreb's (PBZ) correspondent relations with Hipotekarna Banka Podgorica, was very important considering the lack of money transfers between Croatia and Montenegro. (hina) ha

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