BR100 Decreased By (-0.4%)
BR30 Decreased By (-0.21%)
KSE100 Decreased By (-0.31%)
KSE30 Decreased By (-0.41%)
AGHA 7.73 Decreased By ▼ -0.08 (-1.02%)
BECO 5.18 Decreased By ▼ -0.03 (-0.58%)
BML 57.58 Increased By ▲ 0.08 (0.14%)
BOP 34.19 Increased By ▲ 0.16 (0.47%)
CNERGY 10.13 Increased By ▲ 0.17 (1.71%)
CSIL 5.30 Decreased By ▼ -0.01 (-0.19%)
FCCL 54.20 Decreased By ▼ -0.50 (-0.91%)
FFL 16.60 Decreased By ▼ -0.09 (-0.54%)
FNEL 1.23 No Change ▼ 0.00 (0%)
KEL 7.29 Decreased By ▼ -0.11 (-1.49%)
KOSM 5.74 Decreased By ▼ -0.03 (-0.52%)
LOTCHEM 29.31 Decreased By ▼ -0.01 (-0.03%)
MLCF 93.15 Decreased By ▼ -1.21 (-1.28%)
NBP 202.99 Decreased By ▼ -0.06 (-0.03%)
NCPL 57.11 Increased By ▲ 0.11 (0.19%)
NPL 67.40 Decreased By ▼ -0.30 (-0.44%)
OGDC 315.50 Decreased By ▼ -0.34 (-0.11%)
PACE 10.64 No Change ▼ 0.00 (0%)
PAEL 42.81 Decreased By ▼ -0.39 (-0.9%)
PIBTL 16.70 Decreased By ▼ -0.04 (-0.24%)
PPL 219.00 Decreased By ▼ -0.78 (-0.35%)
PRL 51.50 Increased By ▲ 2.31 (4.7%)
PTC 70.57 Increased By ▲ 0.04 (0.06%)
SSGC 27.57 Decreased By ▼ -0.68 (-2.41%)
TBL 9.79 Decreased By ▼ -0.07 (-0.71%)
TELE 8.72 Decreased By ▼ -0.07 (-0.8%)
TPL 18.53 Increased By ▲ 0.29 (1.59%)
TPLP 13.56 Increased By ▲ 0.29 (2.19%)
TREET 22.64 Decreased By ▼ -0.08 (-0.35%)
TRG 60.15 Increased By ▲ 0.01 (0.02%)
Markets

Croatia publishes tender for gas and oil exploration

Published Updated

ZAGREB: Croatia published a tender for gas and oil exploration in mountainous areas of the country's central and southern regions, the state hydrocarbon agency said on Monday.

"The deadline for submitting bids is Sept.10, 2019, at 1200(1000 GMT). A tentative deadline for awarding licences is December," the agency said.

The exploration in the Dinarides region will take place in four blocks with an overall area of 12,134 square km.

The exploration works will last five years and can be extended for another two years at most.

So far Croatia has granted concessions for exploration and exploitation of oil and gas in northern, largely flat, areas of the country.

A few years ago it dropped the idea of oil exploration in the Adriatic Sea due to opposition from environmentalists.

There is currently an open tender for concessions for exploration and exploitation of oil and gas in the northern Panonian region in seven blocks over an area of 14,272 square km.

The tender was opened in November and closes on June 28.

Croatia imports some 80 percent of its oil needs and around 60 percent of the gas it consumes.

Copyright Reuters, 2019

Comments

Comments are closed for this article.