Energopetrol is a

Bosnia Bosnia and Herzegovina ( sh, / , ), abbreviated BiH () or B&H, sometimes called Bosnia–Herzegovina and Pars pro toto#Geography, often known informally as Bosnia, is a country at the crossroads of Southern Europe, south and southeast Euro ...

oil An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) & lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated ...

company A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared ...

based in

Sarajevo Sarajevo ( ; cyrl, Сарајево, ; ''see names in other languages'') is the capital and largest city of Bosnia and Herzegovina, with a population of 275,524 in its administrative limits. The Sarajevo metropolitan area including Sarajevo ...

. It was founded in the 1960s as a part of the Energoinvest corporation. Its logo includes the orange letters "EP" in a

serif In typography, a serif () is a small line or stroke regularly attached to the end of a larger stroke in a letter or symbol within a particular font or family of fonts. A typeface or "font family" making use of serifs is called a serif typeface ...

font surrounded by an orange circle. Due to large debt and general failure of management, the government of

Bosnia and Herzegovina Bosnia and Herzegovina ( sh, / , ), abbreviated BiH () or B&H, sometimes called Bosnia–Herzegovina and often known informally as Bosnia, is a country at the crossroads of south and southeast Europe, located in the Balkans. Bosnia and ...

, as majority owner, privatized 67% of its stake within 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%

External links

* {{Official website, http://www.energopetrol.ba/ Oil and gas companies of Bosnia and Herzegovina Government-owned companies of Bosnia and Herzegovina National oil and gas companies