Budapest, April 14 (MTI) – Hungarian oil and gas company MOL has launched an English-language website on issues related to the company’s investments in Croatian peer INA, including a framework agreement on gas supplies and negotiations with the Croatian government, MOL said in a statement on Monday.
“As an international publicly traded company, it is MOL’s duty to be fully transparent with our stakeholders. With this in mind, and to convey MOL’s perspective on the INA-related issues that have generated considerable media attention to date, we have launched this dedicated web page www.molincroatia.com,” vice president corporate communications Dominic Kofner and vice president business strategy and regulatory and public affairs Marcus Lippold said in an introduction posted on the website.
MOL is one of the largest foreign investors in Croatia, the statement said. “We have played an active role in INA’s development since 2003, saved it from bankruptcy and invested over 1.4 billion euros. This investment has significantly benefited Croatia’s economy and enhanced its energy security,” they added.
“We believe that this website will help you understand even better the current situation, our position and our commitment to a constructive solution. The content of this site will be regularly updated to keep all our stakeholders informed of the developments regarding MOL and INA,” the statement concluded.
Hungarian oil and gas company MOL holds a little less than 50 percent of INA’s shares. The state of Croatia owns about 45 percent. A claimed lack of investment in the company by MOL and the state’s failure to take over INA’s loss-making gas business, as stipulated in a shareholders agreement, have been sources of tension between the two stakeholders. Talks between the two stakeholders are ongoing. A new round of negotiations is expected in a matter of weeks.
Photo: Daily News Hungary