Ina dd : In cooperation with Deloitte INA is analyzing options for sustainable operations at Sisak site
January 20, 2017 at 01:53 pm IST
Share
INA selected Deloitte consultants to implement the project of identifying options for a sustainable business operation at Sisak site
INA's experts to be engaged in the project, which will be carried out through consultations with trade unions
All key stakeholders will be invited to contribute with their proposals
Zagreb, 20 January 2017 - In cooperation with Deloitte, INA has laucnhed the project of identification and analysis of strategic options for sustainable business operations at Sisak site for which it received support of the Management Board and the Supervisory Board. The project will be implemented through cooperation with INA's experts and in consultations with trade unions.
The selection of an external local consultatant was initiated for the purposes of providing objective and professional support during the evaluation of ideas for strategic options of sustainable alternatives to the refining business in Sisak. The goal is to set up the most efficient concept of new models of alternative operation, taking into account market circumstances and future trends. In doing so, all relevant investment options will be taken into consideration and evaluated according to a set of criteria (for example, the local community's needs; the preservation of jobs; the usability of the existing plant; impact on the environment; alignment with INA's strategic goals; different financial indicators, etc.). Being fully aware of the challenges INA's refining business has been facing over the past few years, despite considerable efforts made so far to optimize the production process, there is a clear need and a clear responsibility on the company management's part to make a strategic decision about the future operation at Sisak site in the near future.
INA Group INA Group plays a leading role in Croatia's oil business and a significant regional role in hydrocarbon exploration and production, oil processing, and the distribution of oil and oil products. INA Group consists of several affiliated entities, entirely or partially owned by INA d.d. The Group is based in Zagreb, Croatia. INA has hydrocarbon exploration and production operations in Croatia, Angola, and Egypt. The oil is processed at INA's oil refineries - RN Rijeka and RN Sisak, while INA's regional retail network includes 495 filling stations in Croatia and the neighbouring countries.
INA - Industrija Nafte dd published this content on 19 January 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 January 2017 08:23:03 UTC.
Original documenthttp://www.ina.hr/default.aspx?id=32205
Public permalinkhttp://www.publicnow.com/view/DAD0F00D5CDE8FB1263A082BB878D9553393C82E
INA dd is a Croatia-based company engaged in the oil and gas industry. The Companyâs business is divided into three main segments: Oil and Gas Exploration and production, engaged in oil and gas exploration and production in Croatia and abroad; Refining and Marketing, engaged in refining and marketing of oil products through fuels refineries, located in Rijeka, Sisak and Zagreb; and Retail, providing retail sales of fuels and associated products through a network of petrol stations in Croatia, Bosnia and Herzegovina, Slovenia and Montenegro. The Company also manufactures lubricants and related products, as well as industrial and automotive lubricating greases. In addition, INA dd throughout its subsidiaries is involved in catering and tourism, car rental, as well as the provision of services related to the construction of oil and gas pipelines and plants. The Company is a parent entity of INA Group. In September 2013, it aquired 50% stake in Croplin doo, and now owns 100% of it.