Tag: oil production

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 […]

Oil production dropped by 4.3 % in 2016 – Romania, 24 February 2017

According to the data from the National Institute of Statistics (INS), oil production in Romania in 2016 amounted to 3.577 million tons of oil equivalent, which is 4.3 % (160,600 tons of oil equivalent) less compared to last year. At the same time, Romania imported crude oil in the amount of 7.468 million tons of […]

MOL to increase production in Tal block in Pakistan – Hungary, 2 December 2016

Hungarian oil and gas company MOL announced that it will increase crude oil production in Tal block in Pakistan to almost 90,000 barrels per day, which is an increase by some 10,700 barrels of crude oil per day. The statement from the company further said that the exploration well at Mardan Khel-1 in the Tal […]