Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Croatia awards licences for gas and oil exploration in northeast

Published 2019-08-29, 06:14 a/m
Updated 2019-08-29, 06:24 a/m
© Reuters.  Croatia awards licences for gas and oil exploration in northeast

ZAGREB, Aug 29 (Reuters) - The Croatian government said on Thursday it had awarded licences for gas and oil exploration and exploitation on six blocks in its flat north-eastern region to two local and two foreign companies.

The licences were given to Croatia's biggest energy group INA INAI.ZA , owned jointly by Hungary's MOL MOLB.BU and the Croatian government, Canada's Vermilion Energy VET.TO , Hungary-based Aspect Croatia which is a branch of the U.S. energy firm Aspect, and a smaller local firm Crodux Derivati.

INA and Crodux Derivati were given licences for two exploration blocks each, while Vermilion and Aspect Croatia were awarded licences for one block each. The blocks stretch over an area of around 14,000 square kms.

The licences are valid for 30 years at most.

Croatia imports some 80% of its oil needs and around 60% of the gas it consumes.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.