First Deputy Prime Minister and Economy Minister Radimir Cacic said on Tuesday he reached an agreement with the key creditors of the privately-owned petrochemical company Dioki under which the majority-owner, Robert Jezic, would reduce his share in the company to one percent and the key creditors would turn their claims into shareholding.
I talked to the key creditors and reached an agreement with them, Cacic told reporters outside the Economy Ministry building where disgruntled Dioki workers were protesting.
I expect Jezic to sign a deal tomorrow under which his share would be reduced to one percent and key creditors will turn their claims into shareholding, Cacic said.
I expect the next step to be the appointment of a new management board after which all late salaries should be paid within seven days, so that Dioki could resume with the production on new foundations, Cacic said.
He also announced he would talk to representatives of the INA oil company later, adding that the company could discontinue the production of ethane.
Judging by the information at hand, the production of ethane is not profitable for INA, and the amount of ethane the company is making is insufficient, Cacic said.
The oil and gas market defines the price of energy and our influence on that is unfortunately very small, Cacic said.
The improvement of the general political situation in the crisis between Iran, Israel and some major global players could reduce the gas price, he said.
Some 300 Dioki workers who started a protest against the government's disinterest in saving this petrochemical company and its workers discontinued their protest after talking to Labour and Pension System Minister Mirando Mrsic.
Mrsic promised them their status would be resolved by Friday. He informed them of the deal between the government and Dioki's creditors, adding that they can expect the payment of the six late salaries.
