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The licences were withdrawn in 2011 after INA failed to move ahead with its exploration activity as scheduled.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.

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