The EBRD is raising standards in the Croatian oil sector with a €150 million loan to support INA`s refinery modernization and energy efficiency improvement programmes. The project is co-financed by €50 million from the ICF-Debt Pool and €10 million from Cordiant Capital Fund.
The project helps INA to complete the first phase refinery modernisation programme which will enable the company to produce oil products that meet EU quality standards, facilitating company’s access to the EU market. Improving energy efficiency of the refining business through the implementation of best available practices is an important component of the modernisation programme.
News feed: EBRD link: article
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