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Marathon Oil and OMV back out of hydrocarbon exploration in Adriatic

Author: vmic
ZAGREB, July 29 (Hina) - A consortium of the US Marathon Oil Corporation and Austria's OMV has decided not to sign an agreement on oil and gas exploration and exploitation in the Adriatic over an unresolved border issue between Croatia and Montenegro, Croatian Economy Minister Ivan Vrdoljak and the head of the Croatian Hydrocarbon Agency, Barbara Doric, confirmed in a statement on Wednesday, announcing a second tender for September.

(Hina) vm

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