The Croatian oil company Ina has completed the purchase of Italian energy company Eni's stake in gas fields in northern Adriatic, the company said on Thursday, adding this would result in a 10 percent increase in Ina's daily output of natural gas.

On June 20, Ina said that it had agreed the purchase of Eni’s stake in the gas fields in northern Adriatic and that it would become the sole owner of Eni’s Croatian daughter company Eni Croatia BV, as well as take over the management of the exploitation areas Northern Adriatic and Marica once all contractual conditions were met, including approval by competition agencies.

Ina said on Thursday that the gas produced in the Northern Adriatic exploitation field would be put into Croatia’s gas supply system, which would increase gas supply security, while the gas produced in the exploitation field Marica would continue to be transported to Italy, in line with a gas sale agreement between Ina and Eni.

Ina said the latest transaction would enable further investment in the Northern Adriatic and Marica fields.

Earlier this year Ina said that this transaction covered 4.3 million barrels of oil equivalent (boe) of proven and probable reserves and would increase production by about 2,500 boe a day (almost 380,000 cubic metres of gas a day).

Ina said at the time that the transaction would enable it to become, for the first time in its history, the sole operator in an offshore exploitation field in the country and abroad.

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