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INA launches €65mn offshore drilling programme targeting five Adriatic gas wells

Scope of INA’s northern Adriatic drilling campaign Croatian oil and gas company INA has started a €65mn offshore drilling programme in the northern Adriatic. The...

INA completes 11 MW solar installation at Rijeka refinery for green hydrogen

Solar power works finished under NRRP-linked grant Croatian oil company INA has completed the installation of solar panels at its Rijeka refinery, a milestone in...

INA Reports First Quarter Loss Amid Market Volatility

INA, a key player in Croatia's energy sector, has reported a loss of 2.3 million euros for the first quarter of 2026, a stark...

INA Completes €700 Million Modernization of Rijeka Oil Refinery

The Rijeka oil refinery in Croatia has undergone a significant modernization project, officially completed with an investment totaling approximately €700 million. This development marks...

INA Reports €179.2 Million Net Profit for 2025, Focuses on Refinery Modernization

INA, Croatia's leading oil and gas company, concluded the year 2025 with a net profit of €179.2 million, reflecting a slight decrease of 1.6%...

Croatia’s INA Initiates Live Testing of Rijeka Refinery Upgrade

The Croatian oil company INA has commenced live-process testing at its Rijeka oil refinery, marking a pivotal moment in its largest industrial investment to...

Latest news

Electricity and carbon costs reshape SEE industrial export economics

Analysis developed by Virtu.Energy Banks financing manufacturers across Southeast Europe increasingly need to assess whether borrowers can preserve their EU export margins after electricity costs, embedded...

ETS and CBAM reshape SEE electricity trade as carbon costs squeeze export margins

Analysis developed by Virtu.Energy Electricity producers, traders and banks across Southeast Europe are facing a growing gap between prices available on neighbouring EU electricity exchanges and...

Croatia amends Electricity Market Act to expand aggregation, grid studies, and connection rights

Croatia’s amended Electricity Market Act entered into force on October 15, 2026, introducing changes that go beyond conventional electricity-market reform. The legislation reshapes the...

Boron One Piskanja boron project valuation rises to €569m in updated assessment

Canadian mining company Boron One Holdings has raised the projected economic value of its Piskanja boron project in southern Serbia to approximately €569 million....

SEE electricity prices surge as wind generation drops and Serbia becomes the region’s most expensive market

Southeast European day-ahead electricity prices rose sharply on Friday, with Serbia emerging as the region’s most expensive market as weaker wind generation, higher cross-border...