Croatia: Gazpromneft wants to buy Crodux oil distribution company

16. May 2016. / SEE Energy News

Crodux derivati dva d.o.o. currently has in its network 65 gas services and hires around 800 people. It is the only oil company at domestic market 100% owned by Croatia.

Two sources confirmed to SEEbiz that Ivan Čermak negotiates with Gazpromnjeft on sales of Crodux.

Allegedly former president Stjepan Mesić is the negotiator. Conclusion may be expected in the following months.

SEEbiz has contacted public relations office of Crodux, but we have not received any answer. There was a similar idea several years ago but Crodux denied that finding.

Crodux derivati dva d.o.o. currently has in its network 65 gas services and hires around 800 people. It is the only oil company at domestic market 100% owned by Croatia.

The interesting fact is that three years ago Gazpromneft was the main competitor to Crodux for taking over OMV gas station for which Čermak company unofficially planned around EUR 100 million. In addition to gas stations purchase, very important fact is that Čermak also bought storage capacity on terminal in Omišlje, which improved Crodux product import.

Previously, Čermak left the oil industry in 2007 when it sold Tifon to Hungarian MOL for EUR 110 million. It owned 36 well positioned gas stations at the territory of the entire Croatia, four gas stations in construction and around 20 projects with all permits obtained, transmits Serbia-energy.eu

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