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INA submits sole bid in Croatia's tender for oil/gas exploration in Dinarides - report

Author Iskra Pavlova
INA submits sole bid in Croatia's tender for oil/gas exploration in Dinarides - report Croatian energy firm INA, Photo: www.hungarytoday.hu

ZAGREB (Croatia), September 11 (SeeNews) - Croatian energy company INA [ZSE:INA] has placed the sole bid in the government's tender for oil and gas exploration and exploitation in the Dinarides area, local media reported on Wednesday.

INA has submitted an offer in the tender, news daily Poslovni Dnevnik quoted unnamed sources close to the company as saying.

On Tuesday, when the bidding deadline expired, the Croatian Hydrocarbon Agency (CHA) said that a single bid has been received in the country's third onshore oil and gas exploration tender, which was opened in February. Croatia offered interested candidates to compete for four exploration areas covering a total area of 12,000 square kilometres.

The bid is in a process of evaluation, CHA said, adding the process for awarding an exploration permit is expected to be completed by the beginning of 2020.

The Dinarides, or the Dinaric Alps, are a mountain range in Southern and Southeastern Europe, stretching from Italy through Slovenia, Croatia, Bosnia, Serbia, Montenegro, Kosovo to Albania, and separating the Balkan Peninsula from the Adriatic Sea.

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