Energopetrol
Encyclopedia
Energopetrol is a Bosnia
n oil
company based in Sarajevo
. It was founded in the 1960s as a part of the Energoinvest corporation. Its logo includes the orange letters "EP" in a serif
font surrounded by an orange circle.
Due to large debt and general failure of management, the government of Bosnia and Herzegovina, as majority owner, privatized 67% of its stake within in the company. The Croatian-Hungarian company INA-MOL had acquired the shares for 220 million Bosnian Marks (100 million dollars). The INA-MOL consortium had acquired 67 gas stations and two office buildings belonging to Energopetrol in Sarajevo. The consortium had promised to keep the present labor force, the name (Energopetrol), and turn the company into a regional giant. The government had decided to keep the former Energopetrol Terminals into a new state owned corporation Terminali FBiH. The government also decided to keep the Hotel Marsal within its control.
Bosnia and Herzegovina
Bosnia and Herzegovina , sometimes called Bosnia-Herzegovina or simply Bosnia, is a country in Southern Europe, on the Balkan Peninsula. Bordered by Croatia to the north, west and south, Serbia to the east, and Montenegro to the southeast, Bosnia and Herzegovina is almost landlocked, except for the...
n oil
Petroleum
Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...
company based in Sarajevo
Sarajevo
Sarajevo |Bosnia]], surrounded by the Dinaric Alps and situated along the Miljacka River in the heart of Southeastern Europe and the Balkans....
. It was founded in the 1960s as a part of the Energoinvest corporation. Its logo includes the orange letters "EP" in a serif
Serif
In typography, serifs are semi-structural details on the ends of some of the strokes that make up letters and symbols. A typeface with serifs is called a serif typeface . A typeface without serifs is called sans serif or sans-serif, from the French sans, meaning “without”...
font surrounded by an orange circle.
Due to large debt and general failure of management, the government of Bosnia and Herzegovina, as majority owner, privatized 67% of its stake within in the company. The Croatian-Hungarian company INA-MOL had acquired the shares for 220 million Bosnian Marks (100 million dollars). The INA-MOL consortium had acquired 67 gas stations and two office buildings belonging to Energopetrol in Sarajevo. The consortium had promised to keep the present labor force, the name (Energopetrol), and turn the company into a regional giant. The government had decided to keep the former Energopetrol Terminals into a new state owned corporation Terminali FBiH. The government also decided to keep the Hotel Marsal within its control.
Ownership structure
Current shareholders are:- INA-MOL - 67%
- Government of FBiH - 22%
- Small Shareholders - 11%