ZAGREB, Dec 4 (Hina) - On the occasion of the 50th anniversary of the "INA Naftaplin" company, company officials said that the value of produced oil and gas in the past 50 years had reached around 20 billion euros. The production of
oil is today being carried out at 34 oil fields and amounts to some 1.1 million tonnes per year. Gas is being produced at 17 fields in the amount of 1.7 billion square metres. This production makes up for 60 percent of domestic production of overall primary energy.
ZAGREB, Dec 4 (Hina) - On the occasion of the 50th anniversary of the
"INA Naftaplin" company, company officials said that the value of
produced oil and gas in the past 50 years had reached around 20
billion euros. The production of oil is today being carried out at
34 oil fields and amounts to some 1.1 million tonnes per year. Gas is
being produced at 17 fields in the amount of 1.7 billion square
metres. This production makes up for 60 percent of domestic
production of overall primary energy. #L#
At a news conference, INA oil company's management board chairman
Tomislav Dragicevic spoke about successful businesses in Syria and
said that a third test drill in this country had given positive
results. It is expected that the production of gas and condensates
from Syrian fields could begin in 2005.
In Syria, INA has a classic concession with shared production.
The first, exploiting phase is being conducted and financed by INA,
the next phase would be financed by the Croatian and Syrian
governments with equal parts, and about half of the amount produced
would belong to the Croatian side while sharing the production.
Officials said INA was working on another several projects, that it
had jobs in Russia, despite the sale of the White Fields oil
fields.
Naftaplin is functioning as a restructured part of INA currently.
The segment of research and production of oil and gas was founded at
the beginning of 1952.
(hina) lml sb