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PRIME MINISTER RACAN VISITS GAS FIELD 'IVANA'

PULA, May 8 (Hina) - Croatian Prime Minister Ivica Racan and his associates on Tuesday visited the gas platform 'Ivana' in the northern Adriatic Sea at the end of construction works on a facility which will secure maximum daily production of 1.9 million cubic metres of natural gas. The gas field is located some 20 nautical miles off the northern Adriatic port of Pula and it is the biggest gas field in the "North Adriatic" project, which is being carried out by the Croatian oil company Ina and Italy's Eni. The two companies have also been conducting preparations for the exploitation of other recently discovered fields. The total available reserves in this gas field have been estimated at 7.9 billion cubic metres, which is much more than was estimated at the beginning of this project. A total of 187 million US dollars have been invested in the project. The project is important because it opens the possibility of building a gas
PULA, May 8 (Hina) - Croatian Prime Minister Ivica Racan and his associates on Tuesday visited the gas platform 'Ivana' in the northern Adriatic Sea at the end of construction works on a facility which will secure maximum daily production of 1.9 million cubic metres of natural gas. The gas field is located some 20 nautical miles off the northern Adriatic port of Pula and it is the biggest gas field in the "North Adriatic" project, which is being carried out by the Croatian oil company Ina and Italy's Eni. The two companies have also been conducting preparations for the exploitation of other recently discovered fields. The total available reserves in this gas field have been estimated at 7.9 billion cubic metres, which is much more than was estimated at the beginning of this project. A total of 187 million US dollars have been invested in the project. The project is important because it opens the possibility of building a gas pipeline to the Croatian coast, Racan said. Gas from this platform currently travels to the northern Croatia from Italy via Slovenia by land. Describing the cooperation with the Italian partner as good, Racan said Croatia's development strategy could not rely solely on Russian gas. According to an agreement between Ina and Agip, each company has the right to one half of the amount of gas produced by the platform. Since there is still no gas pipeline linking the platforms and the Croatian coast, Ina is transporting its share via Agip and Eni systems and via Slovenia. (hina) sb rml

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