April 20, 2018 / 12:55 PM / a month ago

BRIEF-Croatia aims to produce 30 pct of oil needs domestically by 2030

ZAGREB, April 20 (Reuters) - Croatia’s Energy and Environment Minister Tomislav Coric says at an energy conference on Friday:

* Croatia’s planned new law on hydrocarbon production aims to boost exploration, most notably in onshore areas. Croatia’s goal is to produce 30 percent of its oil needs domestically and more than 50 percent of its gas needs domestically by 2030

* A new energy strategy, to be finalised by the end of this year, will focus primarily on building new production facilities for hydro and solar power

* Croatia’s gas production has been falling by an average 15 percent annually in recent years, while oil production has been declining 10 percent a year

* At the moment Croatia imports 40 percent of its electricity needs, slightly more than 40 percent of its gas consumption and up to 80 percent of its oil (Reporting by Igor Ilic; Editing by Susan Fenton)

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