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INA oil company might have to buy up its own property in Kosovo, including 29 gas stations and a warehouse.
It might happen in case Kosovo’s Supreme Court overruled the appeal INA filed against Kosovo Trust Agency (KTA) to settle property dispute, given the fact that the Croatian oil company’s assets in Kosovo were seized in 1991 when Croatia and Serbia cut off all relations.
Zagreb weekly Vjesnik reminded in an article that UNMIK ordered privatization of all socially-owned companies that took over the assets in question, and reimburse former owners 80 percent of the face value of seized assets.
Kosovo prime minister Agim Ceku said his government could hardly decide independently from UNMIK that was in effective control of public property and managed laws on its privatization. Ceku confirmed that UNMIK decided to put up all seized property on an international privatization tender.
“INA could also apply in the bidding when the tender is announced. The Croatian oil company will receive reimbursement regardless of the competition’s outcome,” Ceku said adding that certain Serbian companies, including Jugopetrol and Šipons, were in the same situation.
INA so far demanded to at least lease its stations that are currently used by Kosovapetrol Company. In case it fails to agree with UNMIK, INA has plans to set up its own oil products wholesale and retail company in Kosovo, according to Vjesnik. |
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