The news agency has quoted Tomislav Dragicevic, CEO of INA, as saying: Our goal is to complete the first phase of modernisation of our two refineries and be able to produce and sell top quality petrol on western markets in 2009, primarily in Slovenia and Austria.

The two refineries are located in Rijeka and Sisak. INA has invested about E1 billion for their modernization and expects to complete the work by 2011.