Croatia proposes hydrocarbons exploration and exploitation bill
The Croatian government sent to Parliament on Thursday a bill on hydrocarbons exploration and exploitation to facilitate the obtaining of concessions and improve legal security and flexibility in oil and gas investment projects, the HINA news agency reported. According to the report, the passage of such a law is a novelty in Croatian legislation, because oil and gas exploration and exploitation is regulated by the Mining Act. The government believes a new law is necessary because of the increasing interest among foreign investors. Economy Minister Ivan Vrdoljak said the most important aspect of the bill was the introduction of a single procedure for issuing a permit, signing a contract and directly obtaining a concession. The bill envisages the establishment of a hydrocarbons agency by the Economy Ministry. Vrdoljak said the new law would give Croatia an opportunity to exploit its resources in accordance with the highest business and ecological standards.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.