Hungarys MOL announced oil discovery in Croatia.

By bne IntelliNews July 27, 2012
The Croatian unit of Hungary's oil and gas company MOL, INA, has discovered oil deposits in the Zutica field, near the Croatian capital Zagreb, MOL informed in a press statement. The evaluation of the hydrocarbons reserve base and production are to be determined by further tests and field development. MOL holds a 47.26% stake in INA. The Hungarian company plans to invest a total of USD 191mn in Croatia in 2012, which includes both research and capital spending.

Related Articles

Assets of Hungarys investment funds up 3.2% m/m in Feb 2013.

Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more

Hungary's number of employees down 0.6% y/y in Jan 2013.

The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more

Hungarys MVM clears deal for purchasing E.ONs local units.

The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335