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INA Inapa Inv Part Gestao

0.0002
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Inapa Inv Part Gestao EU:INA Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0002 0.0002 0.0014 0.00 00:00:00

MOL's Hernadi: Losing $60 Million a Month on Syrian Production Halt

30/07/2012 7:27pm

Dow Jones News


Inapa Inv Part Gestao (EU:INA)
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BUDAPEST--Croatian refiner INA d.d. (INA.ZG), a subsidiary of Hungarian oil and gas company MOL Nyrt.'s (MOL.BU), is losing $60 million a month by having halted production there, MOL's chief executive and chairman said Monday.

"We've invested $1 billion in Croatia so far, which is a lot. We're ready to relaunch production once the turmoil calms [in Syria]," Zsolt Hernadi said in an interview on commercial radio Inforadio.

INA suspended production in Syria in February as the internal political turmoil there compelled several foreign companies to withdraw.

Write to Veronika Gulyas at veronika.gulyas@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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