By: Erica McCauley
A Croatian oil Refinery (INA INA.ZA) was hit with two blasts on Saturday night. As of now, there are no casualties to be reported. There was a controlled fire to be reported; however, there hasn't been enough time for investigators to assess the damage.
A little bit about INA INA.ZA:
INA is a shareholder with Hungary, and has active refineries in Africa and the Middle East. The fire stricken refinery is located in Sisak, Croatia. The refineries of Croatia are under construction for improvement for their ascension into the European Union. This has a projected finishing date of 2012, when Croatia thinks they will be apart of the EU. There is no word whether or not that the explosions will hold Croatia's refineries back from acceptance into the EU. It was reported; however, that Zagreb is close to its ascension into the EU.
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