Croatia Receives Six Bids For Adriatic Oil And Gas Exploration

Posted November 4, 2014 at 5:05am

Reuters reports that “‘Croatia has received six bids in an international tender for oil and gas exploration areas in the Adriatic Sea and will choose the best ones by the end of the year, Economy Minister Ivan Vrdoljak said on Monday.”  

“‘We are satisfied, we’ve received bids from big, serious companies,’ Vrdoljak told reporters. The government sees oil exploration as a key project for the newest European Union member, whose economy has been stuck in recession since 2008.”