The PetrolPlaza audio version is presented to you by UNITI expo, the leading retail petroleum and car wash trade fair in Europe.

English Español Montenegro: INA increases share of the market to 15%

INA – Industrija nafte, a Croatian energy group partly owned by MOL, has expanded its network on Montenegro by acquiring five new locations from Pavgord.



Last update:

With this acquisition INA now manages 11 gas stations in Montenegro. The company has manages to increase its market share from one percent in 2017 to today’s 15%, according to the company. Montenegro has a population of just over 600,000 inhabitants.

Hungarian energy group MOL owns just under 50% of INA while the Croatian government has a 45% stake, reports Total Montenegro News. 

In addition to new acquisitions, INA also plans to further introduce MOL’s convenience store concept Fresh Corner to the Montenegrin market.  

INA manages a regional network of 495 petrol stations in Croatia and neighbouring countries.

Discuss