Gazprom Neft’s NIS to Expand Exploration in Southeastern Europe
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Naftna Industrija Srbije AD, the Serbian oil and gas company controlled by OAO Gazprom Neft, plans to expand exploration to 10 southeast-European countries to meet a 2020 production target.
The vertically-integrated company, whose main oil and gas production is in Serbia and runs exploration ventures in Romania, Hungary and Bosnia-Herzegovina, may add sites in Montenegro, Albania, Slovenia, Bulgaria, Croatia and Greece in its search for hydrocarbons, according to a presentation released in Belgrade.