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Croatian and Serbian oil companies sign business cooperation agreement

ZAGREB, May 18 (Hina) - Crosco, a member of the INA Group, signed a business cooperation agreement with Serbia's NIS-Naftagas in Zagreb on Thursday under which the National-2 drilling installation owned by the Serbian company will be used in Crosco's drilling and repair operations in Egypt.
ZAGREB, May 18 (Hina) - Crosco, a member of the INA Group, signed a business cooperation agreement with Serbia's NIS-Naftagas in Zagreb on Thursday under which the National-2 drilling installation owned by the Serbian company will be used in Crosco's drilling and repair operations in Egypt.

The agreement, valued at USD14 million, was concluded for a period of two years from the day the operations start, with the possibility of extension, INA's public relations office said.

The signing ceremony was attended by Serbia and Montenegro's Ambassador to Croatia, Radivoj Cveticanin.

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