ZAGREB, May 7 (Hina) - The Croatian oil company INA plans on investing around US$3 billion by 2008, of which 60 percent is to be invested in the research of oil fields abroad, and the rest in the modernisation of refineries and
filling stations, chairman of the board Tomislav Dragicevic said on Tuesday.
ZAGREB, May 7 (Hina) - The Croatian oil company INA plans on
investing around US$3 billion by 2008, of which 60 percent is to be
invested in the research of oil fields abroad, and the rest in the
modernisation of refineries and filling stations, chairman of the
board Tomislav Dragicevic said on Tuesday. #L#
INA is currently negotiating loans for planned research
investments, he said. One of the solutions are joint projects with
foreign companies in which INA would have a maximum 50 percent
share.
Dragicevic announced substantial investments for next year, for
instance around US$150 by Naftaplin, as well as the revitalisation
of production plants and the modernisation of filling stations.
Naftaplin director Zeljko Belosic presented a project for the
linking of all gas fields in the northern Adriatic, including a
pipeline from the Ivana field to the Pula port and one from
Casalborsetti on the Italian coast to Pula. Negotiations with the
Italian oil company ENI should wrap up later this month or by mid-
June at the latest.
The entire project would cost around US$170 million, with INA
investing US$85 million. Works should begin in the early autumn.
Negotiations with ENI on the gas fields Ida, Ika, and Annamaria
should also wrap up and the fields should become operational late in
2004, said Belosic.
(hina) ha sb