oil company

INA's revenue down more than 30 pct, profit down more than 90 pct

In the first six months of 2016, the Croatian oil company INA generated a net sales revenue of HRK 6.29 billion, down 32% on the year, while net profit was down more than 90%, which is the result...

Norway's Statoil reports quarterly net loss of 302 million dollars

Norwegian energy group Statoil on Wednesday said lower oil and gas prices contributed to a third quarter net loss of 302 million dollars and announced it would cut investments and exploration...

3 dead in Mexico oil refinery explosion

Three people were killed and 136 were injured Wednesday in an explosion at an oil facility in the south-east Mexican state of Veracruz, the state-owned oil company PEMEX said.

INA-MOL consortium claims it fully met obligations under agreement to recapitalise Energopetrol

INA said that the consortium was ready to address all the open issues in constructive dialogue with the Federation government to ensure successful operation of Energopetrol in the long term.

INA takes USD 300 million loan for general financing purposes

INA will use the loan to finance various projects, primarily those concerning exploration and production, improvement of efficiency and a possible expansion of its regional retail network.