Abstract
In the foreseeable future the Republic of Croatia will be included in lhe market economy as a consequence of recent widespread social changes. The oil industry will also be affected by these changes, inevitably becoming a part of the wider markel, and it will have to adjust its business practice accordingly. To facilitate the inevitable transition of INA into a modern and profitable company, capable of survival in the market, it is necessary to create favourable business environments for possible economic growth and development. As a first step towards this goal it is necessary for the state of Croatia to adjust its legal system to be compatible with those prevailing in the market economy. There are several different legal approaches in world practice specific for a particular country, and one has to take them into consideration while creating legal relations in the oil industry in Croatia. Here it comparison is made between the present legal status in Croatia and some of the others abroad. An optimal solution is proposed from the viewpoi nt of the company dealing with the oil industry.
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