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39. Unforeseen obligationsInvestment in environmental protection in 2007Also, INA d.d., as an environmentally conscious company,invests more and more in modernization of its plantswith the purpose of harmonization with environmentalprotection requirements. Thus, in 2007, more than 332million HRK has been invested in projects directly relatedto environmental protection, of which 296 million HRK inthe Refineries Business Division, about 24 million HRK inthe Trade Business Division and 12 million HRK in the Oiland Gas Exploration and Production Business Division.The above investments do not include the investmentin modernization of refineries, the primary goal of whichis to increase the product quality, but which also have asignificant environmental dimension.In the Sisak refinery, the sulfur recuperation plant wascompleted and put into operation in September 2007,which will offer a long-term contribution to a systematicsolution to the problem of emission of sulfur compoundsinto the air. The construction of the sulfur recuperationplant at the Rijeka Refinery has also started.Activities and funds for harmonization with the legislationare also projected in the next few years.Harmonization with technical environmental protectionstandardsIn order to achieve harmonization with technicalenvironmental protection standards prescribed by theRegulation on the Technical Standards for Protectionof the Environment from Emissions of Volatile OrganicCompounds which Result from Storage and PetrolDistribution, INA plans to implement a number of projectsin the next five years in its organizational units wherestorage and petrol distribution take place.The necessary funds are estimated at about 60 millionHRK; 156 million HRK at the Sisak Refinery, 185 HRK at theRijeka Refinery, 140 million HRK at the Logistics Sectorand 166 million HRK at the Retail Network ManagementSector.At the Retail Network Development and MaintenanceSector, works on 337 petrol stations are planned, in order toensure that vapors released when filling the tanks at petrolstations are returned to the mobile container througha reverse impermeable pipeline, and that the loading ofpetrol into the storage devices at petrol stations cannot bedone if all the necessary devices are not in operation or donot function in a proper and reliable manner.Reduction of emissionsFor harmonization of emissions from large fueling devices,which is required by the Regulation on the Cutoff Valuesfor Emission of Pollutants into the Air from StationarySources, INA plans to invest funds in the amount of 675million HRK in the next four years: just over 408 millionHRK in the Rijeka Refinery and about 267 million HRK inthe Sisak Refinery.Besides the above projects, significant investmentswill be made in other projects with indirect effect onthe improvement of environmental protection. Theseinvestments in total will by far exceed the amountsallocated for investments in projects with direct effect onthe improvement of environmental protection.Sale of stakes in the company siberianenergy investments limited and“white nights”In July 2002, the Group sold its stake in the companySiberian Energy Investments Limited, and therefore alsoin “White Nights”, to the company Personal and BusinessSolutions. At the end of 2004, about 20 million USDremained outstanding to the company Holdina GuernseyLimited, INA d.d. dependent company, on the basis of sale,and therefore a lawsuit was raised against Personal andBusiness Solutions (on the basis of the potential liabilitycontract, related to the renting of real estate used for“White Nights”).The amount of 20 million USD has been deposited to aspecial escrow account pending the final settlement ofthe dispute. In 2005, the parties in the dispute reachedan agreement that 10 million USD from this account bepaid to Holdina Guernsey Limited. This amount, increasedby interest in the amount of 20,000 USD, was paid on 8August 2005.Annual report 2007157