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PRIME MINISTER: CROATIA PREPARED FOR PETROLEUM SHOCK

ZAGREB, Jan 22 (Hina) - Prime Minister Ivica Racan said in parliament on Wednesday that Croatia was ready for a petroleum shock and crisis which could occur due to developments in Iraq and Venezuela.
ZAGREB, Jan 22 (Hina) - Prime Minister Ivica Racan said in parliament on Wednesday that Croatia was ready for a petroleum shock and crisis which could occur due to developments in Iraq and Venezuela. #L# Croatia has a certain amount of oil reserves at its disposal, sufficient for more than 15 days, as stipulated by the law, Racan told Vesna Skare Ozbolt of the Democratic Centre, without specifying the exact amount of the reserves. During the question time which opened the 29th sitting, the premier said a working group had been established which should analyse events regarding the situation in Iraq. Racan expressed hope that the problem in Iraq would be solved, if possible, without war and complications which could have negative consequences for the entire world, including Croatia. (hina) it

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