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.

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