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INA’s Sisak refinery to restart operations in April

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Hydrocarbon Engineering,

INA is expected to resume operations at its Sisak refinery from April 2015, according to Croatian Economy Minister Ivan Vrdoljak. Last month, INA, which is co-owned by Hungary’s MOL and the Zagreb government, reported that it had to halt production at Sisak due to depletion of the local crude stock.

"According to the information we have, the storage facilities in Sisak will be restored in April, when we expect a restart of production," Vrdoljak told local press.

The fate of the Sisak refinery is constant topic of debate between MOL and the Croatian government, with the two bodies pushing for control of the utility for approximately three years. The government is keen to preserve production and jobs at Sisak and Rijeka (the location of INA’s second refinery); however, MOL questions having two sites, which are both in need of modernisation, in such close proximity. Talks began in September 2013; however, these have made little progress. According to reports, a new round is tentatively set for March 2015.

Edited from various sources by Rosalie Starling

Sources: Reuters, Budapest Business Journal, Portfolio

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