MOL sees INA slip from its grasp as production falls

The Hungarian oil and gas firm is struggling with corruption allegations

Hungarian oil and gas firm MOL is struggling to arrest the decline in its production. The substantial newly discovered reserves in Croatia's Adriatic offshore plat would have helped fixed that, but they now look to be beyond MOL's grasp as control over its Croatian subsidiary INA slips away. The dispute over INA is both long-standing and complex. In fact, it might conceivably get worse after the Croatian authorities in July decided to try in absentia MOL's chief executive, Zsolt Hernadi, over allegations that he paid former Croatian prime minister Ivo Sanader a bribe to gain management control over INA. Given that in mid-June Croatia's Supreme Court confirmed a 2013 guilty verdict against Sa