In the first nine months of 2016, Croatian oil company INA achieved net profit excluding special items in the amount of 60.9 million euros, while its earnings before interest, taxes, depreciation and amortization (EBITDA) reached 208.9 million euros, which is significantly lower than last year. In comparison, INA’s EBITDA reached 358.3 million euros in the […]
In the first nine months of 2016, Croatian crude oil transportation company JANAF continued to record excellent business results. The company’s total revenues increased by 9.2 % compared to the same period last year, while the expenses dropped by 3.9 %. In the period January-September, JANAF recorded net profit in the amount of 30.5 million […]
Bulgarian Deputy Prime Minister Tomislav Donchev announced that oil was found at Khan Asparuh offshore block in the Bulgarian part of the Black Sea during exploration drillings earlier this year. However, he did not elaborate the statement and did not disclose any details regarding the amount of oil found. Earlier this month there were some […]