Russian oil company Zarubezhneft plans to expand onto the Croatian market, after making the decision to invest 760 million Euros in the Bosanski Brod oil refinery in Bosnia and Herzegovina, reports website Tportal.
The new large investment will see the annual crude oil output grow to three million tons from the current 1.2 million that Zarubezhneft currently process and they are hoping to move into the Croatian market.
"We are interested in expanding on the Croatian market," said a company representative, which took ovet the Brod refinery five years ago.
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