IDEAS home Printed from https://ideas.repec.org/a/osi/journl/v6y2010p210-221.html
   My bibliography  Save this article

Globalization Of The Croatian Oil Industry

Author

Listed:
  • Svetlana Petrovic

Abstract

Over the past years oil companies from Central European countries have gone through a difficult market transformation process. They are mainly privatized, have mostly reconstructed and modernised their production and market capacities and have reorganised their businesses. By entering into mutual alliances, they try to defend the position in their respective domestic markets from takeovers from the east and west alike, and through strategic alliances such companies also strengthen their own competitive position in neighbouring markets in South Eastern and Eastern Europe. By its character and far-reaching consequences privatization of INA has been one of major strategic decisions of the Croatian society. This has been the most important decision since the incorporation of INA. Final success of this process depends on global trends in the energy market, success of transition processes in Croatia and neighbouring countries. Croatia could not have avoided cooperation with the closest neighbours with which we share physical and territorial continuity. INA has adopted a strategy characteristic for small size integrated companies and must follow global trends; it has got a strategic partner and continues with technological development. INA privatization concept has been defined to meet criteria imposed by the globalization process, or its European derivative – market liberalization.

Suggested Citation

  • Svetlana Petrovic, 2010. "Globalization Of The Croatian Oil Industry," Interdisciplinary Management Research, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 6, pages 210-221.
  • Handle: RePEc:osi:journl:v:6:y:2010:p:210-221
    as

    Download full text from publisher

    File URL: http://www.efos.unios.hr/repec/osi/journl/PDF/InterdisciplinaryManagementResearchVI/IMR6a18.pdf
    Download Restriction: no

    More about this item

    Keywords

    globalization; privatization; market liberalization; INA; MOL;

    JEL classification:

    • L24 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Contracting Out; Joint Ventures
    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:osi:journl:v:6:y:2010:p:210-221. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Hrvoje Serdarusic, PhD). General contact details of provider: http://edirc.repec.org/data/efosihr.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.