June 8 (SeeNews) - Croatian oil and gas company INA [ZSE:INA] said on Wednesday it plans to invest almost 2 billion kuna ($285 million/266 million euro) in new drills and platforms in the northern Adriatic Sea in a move to strengthen the country's energy security.
“INA in September this year starts a new drilling campaign in the northern Adriatic. We plan to invest almost 2 billion kuna in the construction of new drills and platforms, which will additionally contribute to the energy security of the country,” the operating director for research and oil and gas production in INA, Nikola Misetic, said in a video recording posted on the website of the state-owned TV broadcaster HRT.
In late April, INA said its consolidated net profit soared to 586 million kuna in the first quarter of 2022 from 50 million kuna in the same period of last year on the back of high hydrocarbon prices.
INA's shares were the biggest daily gainer on Wednesday on the Zagreb bourse, as they were quoted up 2.91% at 3,540 kuna.
(1 euro=7.524 Croatian kuna)
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