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INA Industrija Nafte d.d

Croatia

 

Date: April 2008 - Ongoing

Deal: Reuters reported that INA Industrija Nafte d.d had signed a contract with the National Iranian Oil Company (NIOC) to explore the Moghan Block 2 area. "In case of a commercial discovery, the term of the contract would be 25 years, divided into the exploration, appraisal and development phases followed by the repayment period" (Reuters, April 8, 2008).

According to Iran's Fars News Agency, the project, which began in June 2008, is worth an estimated $142 million and presents an opportunity to discover new hydrocarbon reserves (Fars News Agency (Iran), June 24, 2008).

U.S. Business Ties: INA Industrija Nafte d.d appears to have no business interests in the United States, and according to USASpending.gov, it has not received any money from the U.S. government (USASpending.gov, accessed July 9, 2014).

Last Updated: July 9, 2014