Croatia Oil and Gas Report - Business Monitor International - Industry Reports

Croatia Oil and Gas Report

Croatia Oil and Gas Report - Business Monitor International - Industry Reports
Croatia Oil and Gas Report
Published Sep 10, 2016
69 pages — Published Sep 10, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Political uncertainty has slowed activity in Croatia s oil and gas sector. In June, the government awarded five onshore production sharing agreements from a bidding round held one year earlier. ...The dispute centres on an alleged conflict of interest over a consultancy fee paid to the wife of a top official of the conservative Croatian Democratic Union (HDZ) party. Reports of a deal between a lobbyist for Hungary s oil group MOL and the partner of HDZ leader and deputy prime minister Tomislav Karamarko were among the factors that led to the successful no-confidence vote in mid-June. Fresh elections have been set for September but downside risks to upstream activity may remain well after the vote. For example, the contracts that have been awarded may come under scrutiny from a future parliament, which may be led by the socialist opposition. Uncertainty surrounding the composition of the government, and its approach to the oil and gas sector, may also persist beyond the poll.

...Political uncertainty has slowed activity in Croatia s oil and gas sector. In June, the government awarded five onshore production sharing agreements from a bidding round held the previous year. ...Uncertainty surrounding the composition of the government, and its approach to the oil and gas sector, may also persist beyond the poll. � In June, the Croatian government ordered LNG Croatia (LNG Hrvatska) to speed up the first phase of the project, which includes setting up the floating storage and regasification unit (FSRU) on Krk island. A final investment decision on the project could come in early ----. ...A land-based LNG import terminal could still be constructed according to Croatian officials. However some reports suggested such a terminal could come five to ten years after the initial floating import unit came online.

...Should offshore exploration be permitted, there is scope for an upward revision, possibly a significant one, on the back of increased investment in the Adriatic. According to a ---- survey by Norwegian seismic firm Spectrum, Croatia s offshore may contain some -bn bbl of oil. ...

  
Source:
Document ID
1748-3913
Country
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Croatia Oil and Gas Report" Sep 10, 2016. Alacra Store. Dec 09, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Croatia-Oil-and-Gas-Report-2026-254>
  
APA:
Business Monitor International - Industry Reports. (2016). Croatia Oil and Gas Report Sep 10, 2016. New York, NY: Alacra Store. Retrieved Dec 09, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Croatia-Oil-and-Gas-Report-2026-254>
  
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