Croatia to Promote Offshore Licensing Round in Q2

Croatia will promote a licensing round in the central and southern Adriatic in the second quarter of the year.

"This is an extremely important project, which could turn Croatia into an important energy hub,” Minister Ivan Vrdoljak told Reuters.

According to industry players, the deposits should resemble the ones found in Italy. 

"It is evident that there are promising deposits of hydrocarbons (in the Adriatic), and we hope to have the first commercial quantities of gas and oil ready in 2019-2020," Vrdoljak said on Tuesday.