Croatia

Croatia Seeks to Boost Oil and Gas Extraction

Vrdoljak told an energy conference in Zagreb on Tuesday that Croatia was preparing an international tender for onshore gas and oil exploration in addition to its current open tender for offshore exploration in the Adriatic Sea.

“There are 40 companies interested in the Adriatic seabed. By September, a lot of other prominent oil companies will come to Croatia,” he said.

Croatia Ex-PM Sanader’s Graft Sentence Upheld

The court in Zagreb on Friday confirmed that Sanader would go to jail but reduced the sentence from ten years to eight and a half.

Sanader, who was the country's premier from 2003 to 2009, was convicted of taking bribes from Hungarian oil group MOL in exchange for allowing it to take a dominant position in Croatian oil firm INA.

Pages