INA signs contract related to Croatian gas extraction project

Deals

Croatia-based oil company INA, a unit of oil-and-gas company MOL, signed contracts worth a combined HRK 240 million (€31.5 million) with four consortia of Croatian companies related to the Međimurje county gas extraction project on Tuesday.

Two of the consortia are headed by INA group subsidiary STSI and two by Koncar: Inzenjering za energetiku i transport and Duro Dakovic Holding.

The Međimurje project will bring to production three gas fields: Vučkovec, Vukanovec and Zebanec, whose commercially recoverable hydrocarbon reserves are estimated to around 1 billion of cubic meters. According to INA board chairman Zoltán Áldott, the total value of the Međimurje project is approximately HRK 360 million, including the HRK 60 million invested in previous years.

As a result of the investments, INA will cover more than one-third of the country's gas needs from the Međimurje region; INA has invested HRK 3.2 billion in Croatian projects since 2009, including HRK 800 million invested in the first nine months of 2013, Áldott said.

ADVERTISEMENT

European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

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.