INA Owed One Month Payment From Operation In Syria
November 14 2011 - 8:03AM
Dow Jones News
Hungarian oil and gas company MOL Nyrt. (MOL.BU) Monday said
it's 47.3% asset, Croatian INA-Industrija nafte d.d. (INA.ZG) is
owed one month payment from its exploration operation in Syria.
MAIN FACTS:
-Restrictions imposed by the European Union against Syria meant
the payment from the Middle Eastern country did not arrived at the
end of October.
-At present the company said it has no details about future
payments.
-It adds that the EU measures have the potential to adversely
affect its Syrian operation in the future.
-INA pledges to continue to closely monitor the developments
relating to Syria and provide the public with information on these
developments.
-INA issued the statement responding to reports that energy
firms active in Syria are having difficulty receiving payments from
the country.
-Budapest Bureau, Dow Jones Newswires, +36-1-267-0622;
budapest@dowjones.com