INA wins exploration license in Adriatic
Croatian oil and gas company INA, a unit of Hungary's MOL, won an exploration license for two blocks in the southern Adriatic, news agency HINA reported.
Croatia’s Economy Minister Ivan Vrdoljak said licenses for hydrocarbon exploration and exploitation in ten exploration blocks in the Adriatic were awarded to five companies. In addition to INA, Marathon Oil, OMV, Eni and Medoilgas were also awarded licenses.
The decision on the award of the licenses was made at a closed-door session of the Croatian government on Friday.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.