December 23, 2024
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HomeSEE Energy NewsCroatia, Peter Ratatics to be appointed as new INA’s CEO

Croatia, Peter Ratatics to be appointed as new INA’s CEO

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In late August, Croatia’s anti-corruption office (USKOK) launched an operation in which five persons were arrested, including INA’s executive Damir Skugor, on suspicion of illegal gas trading and money laundering. Namely, the suspects allegedly took advantage of the constant rise in natural gas prices on the global market, with OMS Ulaganja buying gas below market prices from Plinara Istocna Slavonija, which had a gas purchase agreement with INA at favorable prices, and selling it on the international market at market prices. They allegedly spent the money thus obtained on the purchase of real estate. Investigator claim that the suspects were purchasing gas from INA at 19.5 euros and were selling at the price of 28 euros. Damages to INA are estimated over 130 million euros.

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