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Central and Eastern Europe Oil Market: The Case of INA & MOL Partnership

In CEE, the oil and gas industry is quite fragmented, mainly for historical reasons, with most refineries being owned by national oil & gas companies. The hungarian oil company MOL has already achieved significant synergies from its partnership with Slovnaft, which has motivated it to continue with M&As in the region. The Croatian INA has been perceived as another valuable strategic partner, which could help MOL become the regional leader both in terms of refining capacity and retail sales.

oil industry; acquisition; Croatia; Hungary; market protection; regional cooperation

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