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ZAGREB, Oct 14 – Croatian oil company Ina said it would move a part of its investments in the neighboring Albania, unless it obtains a permit for the construction of warehouses for oil and oil derivatives in Montenegro soon, according to its top manager Ognjen Dragovic.
The annual gross income of Ina in Montenegro amounts to 23 million Euros and the expected increase in incomes from the sale of fuel, derivates and lubricants is 5 percent.
Dragovic said that they are willing to build the warehouse on their own or with interested investment partners from the oil industry.
He said that talks with the Montenegrin Government have lasted for four years and was unsuccessful.
