Energopetrol is a

Bosnia Bosnia and Herzegovina, sometimes known as Bosnia-Herzegovina and informally as Bosnia, is a country in Southeast Europe. Situated on the Balkans, Balkan Peninsula, it borders Serbia to the east, Montenegro to the southeast, and Croatia to th ...

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

company A company, abbreviated as co., is a Legal personality, legal entity representing an association of legal people, whether Natural person, natural, Juridical person, juridical or a mixture of both, with a specific objective. Company members ...

based in

Sarajevo Sarajevo ( ), ; ''see Names of European cities in different languages (Q–T)#S, names in other languages'' is the Capital city, capital and List of cities in Bosnia and Herzegovina, largest city of Bosnia and Herzegovina, with a population of 2 ...

. 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, sometimes known as Bosnia-Herzegovina and informally as Bosnia, is a country in Southeast Europe. Situated on the Balkans, Balkan Peninsula, it borders Serbia to the east, Montenegro to the southeast, and Croatia to th ...

, 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