Croatia NEWS

The Croatian government yesterday informed about awarding exploration and exploitation licenses for six blocks in its flat north-eastern region. The award was secured by Croatia’s biggest energy group INA, Canada’s Vermilion Energy, Hungary-based Aspect Croatia, and Crodux Derivati. Valid for 30 years, the licenses pertain to the blocks which span over an area of around 14,000 square kms.

Croatia’s multinational energy firm INA has announced that its largest refinery will undergo a planned maintenance from January to mid-April 2019. The plant, which is located in the northern Adriatic port of Rijeka, has a capacity of 100,000 barrels per day (bpd). INA also owns a 60,000 bpd- refinery in Sisak.

In a major stake acquisition deal, Eni has sold 100% of its interests in Croatia to the Croatian multinational, INA-INDUSTRIJA NAFTE, d.d. Eni Croatia b.v has an oil production of about 2,500 boed. INA and Eni are coming to an agreement for the supply of natural gas from Croatia to the Italian market. This deal marks the end of Eni’s upstream business in Croatia’s upstream segment.