Croatia’s largest oil company, Industrija Nafte, is planning to explore and produce oil and gas in Ukraine, focusing on Lviv region

Croatia’s largest oil company, Industrija Nafte, is planning to explore and produce oil and gas in Ukraine, focusing on Lviv region, reports Ukraine’s Geology and Mineral Resources Service. Company director Iosif Babnic is quoted saying “Our company really sees the prospects for oil and gas production in Ukraine. We intend to take part in the auctions for sale of special permits for the right to use the oil and gas reserves.” Outside of Croatia, Zagreb-based INA holds licenses to explore and produce oil and gas in Albania, Algeria, Angola, Egypt, Libya, Russia and Syria.