Croatia Interested in Energy Investment

Croatia Interested in Energy InvestmentCroatia Interested in Energy Investment

Following the lifting of western sanctions against Iran, Zagreb seeks to expand economic and energy cooperation with Tehran. The visit by Croatian President Kolinda Grabar-Kitarovic to Iran next week at the head of a large business delegation led by the Croatian Chamber of Economy is expected to focus on bilateral energy cooperation, Total Croatia News reported. For Iran, which has the world's largest gas reserves, Croatia is located at an important geopolitical location and could become a distributor of Iranian gas to many European countries. Iranians are interested in investing in the fields of liquefied natural gas, shipbuilding, petrochemical and tourism, while Croatian companies want to invest in infrastructure and energy sectors. In 2008, INA, Croatia's national oil company, signed an agreement on oil and gas exploration at 17 fields in Iran, but the project was stopped due to sanctions. Now the company has accepted the invitation of the Croatian Chamber of Economy to travel to Iran. It will be joined by representatives of many other businesses.