became a pioneer in the regional consolidation of the oil and gas industry. Regional expansion (1995–2001) In 1995, the company first expanded across national borders, opening filling stations in Transylvania, Romania. In the following years MOL continued to expand, and in 2000 acquired a 36% stake in Slovnaft, Slovakia's national oil company. The company thus became the first oil company in Central Europe to establish a cross-border partnership and also launched a new business branch by procuring 32.9% of Hungary's petrochemical company TVK. In 1999, MOL entered Pakistan, becoming the operator of TAL Block (with 8.42% stake in production), one of the largest hydrocarbon producing blocks of the country. International expansion (2002–2007) As a result of the 2002 INA Privatization Act, the open public tender for the privatization of a 25%+1 share stake in INA, Croatia's national oil company, was launched in May 2002. MOL won the tender with a bid of $505 million against OMV's offer of $420 million. By 2004, MOL had fully acquired, in several steps, Slovakia's national refiner Slovnaft, and Hungary's leading producer of ethylene and polypropylene TVK, over which MOL gained control with increasing their stake to 34.5% in 2001. Subsequently, MOL further increased its stake in TVK to 86.56% in 2006. In 2015, MOL then raised its shareholding in TVK to 100%. Between 2003 and 2005, MOL had acquired all Shell filling stations in Romania. In 2004, MOL entered the Austrian market by purchasing a fuel storage facility in Korneuburg, and a year later acquired the Roth filling station chain. In August 2007, MOL purchased Italiana Energia e Servizi S.p.A. (IES), owner of the Mantua refinery and a chain of 165 retail stations in Italy. International expansion II (2007–2016) In 2007, MOL entered the Kurdistan Region of Iraq, where its subsidiary MOL Kalegran owns 20% in Shaikan PSC. Further in 2009, MOL acquired a 10% stake in the Pearl Petroleum consortium (Pearl) from Crescent Petroleum and Dana Gas PJSC. In November 2007, MOL reported a new regional initiative to create a joint regional gas pipeline system called New European Transmission System (NETS). On 20 December 2007, MOL announced a strategic cooperation with Czech power utility CEZ. The joint venture with CEZ focuses on gas-fired power generation and related gas infrastructure in Central and Southeastern Europe, first launching two 800 MW power plants in Hungary and Slovakia. After selling 7% of its shares to CEZ