Cross Finanz discusses refineries with Nafta Polska

Cross Finanz, an Italian financial intermediary, is currently in negotiations with Nafta Polska (NP) over a possible investment by Italian companies in the Gdańsk Refinery (Rafineria Gdańska - RG), as well as three smaller refineries in southern Poland - Jasło, Czechowice and Glimar. Cross Finanz has announced that four potential investors have shown interest in taking part in the privatization of the oil sector. The companies in question are AGIP, Italy's largest crude oil producer, ERG, a private company controlling over 2,000 gas stations and three refineries in Italy, TAMOIL, and Kuwait-based Q8. It is al so possible that the companies might be interested in taking over a stake in NP itself. Cross Finanz has already contacted Unicredito Italiano and its local subsidiary, Pekao S.A., about its possible participation in financing of the acquisition from NP and subsequent expansion of the regional refineries. (Parkiet, p. 1) A.K.