BUDAPEST--Croatian refiner INA d.d. (INA.ZG), a subsidiary of Hungary's MOL Nyrt. (MOL.BU) discovered oil in a Croatian well, Croatian paper Vecernji List reports on its website Thursday.

The well is estimated to produce approximately 1,400 barrels of oil per day for 20-25 years, the report says. The newspaper estimates INA's annual revenues from the finding at $50 million, based on an oil price of $95 per barrel.

INA wasn't immediately available for comment.

INA shares were flat at HRK3900 at 1009 GMT.

Write to the Budapest Bureau at budapest@dowjones.com

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