Panenic accuses MOL of intending to close Sisak refinery

The outgoing economy minister, Tomislav Panenic of the Bridge party said on Wednesday that it was in MOL's interest to have the Sisak oil refinery closed, while the interests of Croatia and INA were opposite to that position.

The latest bone of contention between MOL and Croatia's government was the recent transport of 600 tonnes of crude oil to Rijeka refinery instead to Sisak.

Last Saturday Panenic criticised the fact that the oil had been transferred without the knowledge of the Croatian members of the INA supervisory and management boards, while Deputy Prime Minister Bozo Petrov said that his Bridge party would demand sanctions.

This prompted MOL to issue a statement in which this Hungarian company claimed that as the largest shareholder of INA, it "fully supports INA's management in its efforts to ensuring the flexibility of domestic crude processing and optimising its assets, whilst also strengthening the security of supply in Croatia."

"The operational decision to transport 600 tons (about 1% of the total monthly domestic production) crude oil to Rijeka refinery, which has a capacity of 4 million tons exceeding the size of the Croatian market, is a step in that direction," MOL insisted.

Panenic today countered that MOL's interest was to close the Sisak refinery.

Last update: Wed, 12/10/2016 - 16:35
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