ADVERTISEMENT

Court overturns decision withdrawing INA drilling licenses

Energy Trade

Croatia's highest court overturned an earlier ruling whereby oil and gas company INA, in which Hungarian oil and gas company MOL has 49% stakes, lost drilling licences in the northwest of the country, Croatian online daily tportal.hr reported yesterday.

The licences were withdrawn in 2011 after INA failed to move ahead with its exploration activity as scheduled. The fields were thought to contain approximately 80 billion cubic meters of gas, according to press reports at the time.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.