Croatia seems to have found funding source for INA buyback

Cacic has discussed the issue in an interview on television, VS.hu reported. According to Croatia's Deputy Prime Minister,

talks are already underway on how Croatia could be compensated for lost revenue from Syrian oil fields, and how Croatia could re-establish a presence as an oil industry player in Syria.

He reminded that the State of Croatia had had USD 800 million in revenue from oil fields in Syria up until 2001 via INA's exploration and development activities activity there.

Cacic argued that income could be the source of funds needed to buy MOL out of INA.

• Tags:
• energy,
• ina,
• croatia,
• oil,
• equity,
• buyback,
• petroleum,
• mergers & acquisitions,
• mol