Winds of change INA is a European oil company that enjoys a strong market position in Croatia and its adjacent markets. The business also has operations in Angola and Egypt. The INA Group has seen consistent growth since conflicts in the region ceased in 1991. Today INA operates around 500 petrol stations complemented by additional sales of consumer oil products produced at its refineries in Rijeka and Sisak. Philip Yorke reports.
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NA was founded in 1964 as a result of a merger between Naftaplin, a Croatian company specialising in gas exploration and production, and the oil refineries located in Rijeka and Sisak. INA d.d. is a stock company that has MO listing, with the Republic of Croatia its largest shareholder; however, a minority of shares are also owned by private and institutional investors. INA shares have been listed on the Zagreb stock exchanges since 1 December 2006. Today the INA Group has its headquarters in Zagreb, Croatia and is comprised of several affiliated companies that in total employ more than 11,000 people. The company manages a regional network of around 500 petrol stations in Croatia and neighbouring countries. In 2010 the INA Group initi-
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ated a significant modernisation and revitalisation programme of its retail network. It remains committed to doing business in accordance with sustainable development and strives towards integrating economic, environmental and social factors in its broad range of daily operations. INA is a driver of social and economic development that takes care of people and the environment whilst fostering responsible business operations and local partnerships.
Strategic gas fields In November 2018, in keeping with the company’s growth strategy, the INA Group completed the purchase of ENI’s shares in the strategic Northern Adriatic Offshore gas fields. Following an announce-
