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Expert: Refineries making huge losses due to lack of modernisation

Author: mses
ZAGREB, March 25 (Hina) - Failure to streamline the two oil refineries owned by INA, Croatia's leading oil and gas company, although the overhaul has been agreed with Hungary's MOL, which holds a 49% stake in INA, has caused a several billion dollar damage, said Ivica Billege, a former long-standing INA manager for refineries.

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