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SUPPLY
Independence from Yugoslavia has had little effect on
declining onshore oil production, which peaked back in 1981. Declines
are expected to continue.
Conversely gas production is on the increase as Croatia’s offshore
potential is exploited near to the border with Italy in the Adriatic Sea
and new local onshore markets are also developed. Steady growth in
Croatia’s gas production is forecast.
DEMAND
Oil consumption increased up to 2007 but growing imports,
accompanied by recessionary effects have quelled demand growth and
consumption should remain flat for a decade.
Gas consumption is also increasing. However, with indigenous production
rising, the country may be able to avoid importing gas for a few years.
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