INA among recipients of oil, gas exploration licenses in Croatia

Zagreb, January 2 (MTI) – Three groups have received licences for oil and gas eploration in Croatia, including INA which is owned by the Croatian government and Hungary’s MOL, news wire Reuters and Croatian news agency HINA reported citing a Croatian government statement on Friday.

Of a total of 10 licences awarded, seven licences went to a consortium of Houston-based Marathon Oil and Austria’s OMV, two went to INA and one to a consortium made up of Italy’s ENI and London-based Medoilgas, the statement said.

The deadline for signing the exploraton agreements is April 2.

The government expects 4 billion kunas worth of investments to be carried out as a result of the agreements.

Source: http://mtva.hu/hu/hungary-matters