Tag: oil production

NIS to start exploitation of oil shale near Aleksinac – Serbia, 10 March 2017

According to media, Serbian oil company NIS, majority owned by Russian GazpromNeft, is considering to start the exploitation of oil shale in the Aleksinac basin in central Serbia, and is prepared to allocate up to 300 million euros for the first phase of the project. The project, which would significantly increase the reserves of oil […]

MOL recorded 941 million dollars profit in 2016 – Hungary, 28 February 2017

Hungarian oil and gas company MOL significantly outperformed its initial target for 2016 of 2 billion dollars and delivered a clean CCS EBITDA in the amount of 2.15 million dollars, which is only moderately lower compared to the previous year. Upstream segment has shown great resilience to the deteriorating external environment as a 17 % […]

INA recorded 13.6 million euros net profit in 2016 – Croatia, 27 February 2017

Croatian oil and gas company INA recorded gross profit in the amount of 81.7 million euros in 2015 compared to a loss of 180.3 million euros in 2015. The company’s net sales revenues amounted to 209.9 million euros in 2016, which is 17 % less than in the previous year, while net profit in 2016 […]