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INA, AGIP TO DRILL FOR OIL IN CROATIAN PART OF ADRIATIC SEA

ZAGREB, March 20 - The (INA) Croatian national oil company's managing director, Andrija Kojakovic, on Wednesday signed a memorandum of understanding with the Italian oil company, AGIP, on joint oil research and production in the northern Adriatic Sea, the INA public relations office reported today. The Italian company expressed its intention to sign an agreement with INA, within next three months, on joint research and production of oil and gas in the northern Adriatic Sea. The memorandum implies the investment into three-dimensional seismic maps, possible research oil-wells, and into joint production in case that oil and gas may be found, according to the report. (hina) jn mš 201921 MET mar 97

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