INA has completed a EUR700m modernisation of its Rijeka Refinery in Croatia (MOL, 10/03/2025). The upgrades include a new delayed coking unit that boosts crude processing to 4 Mt/year, eliminates vacuum gas oil (VGO) imports (mostly Russian), and increases diesel output by 30% to meet peak tourist demand.
INA is owned by the Croatian Government (44.8%) and the Hungarian state-owned oil company MOL (49.1%). Oil product production rebounded by 11% to 2.4 Mt in 2024, after an 11%/year fall between 2018 and 2023.
Interested in World Refineries?
Use this powerful business intelligence tool to assess current and future production capacities of oil products by country and by zone. Gain insight into companies' asset portfolios and future trends for refined oil production capacities, giving you the ultimate edge for strategy and decision-making.