The fourth area of Italian investments in the Balkans is energy production and supply, in particular in Croatia, Serbia and Montenegro.
Concerning the first country, ENI (Ente nazionale idrocarburi, the largest Italian state-controlled industry) has worked with the Croatian government since 1996 for the modernization of infrastructures and for the construction of a pipeline between the Adriatic gas rig Ivana and the town of Pola, in Istria. This experience led ENI to create a joint-venture with local oil company INA, named INAgip; current production exceeds 5 million cubic meters.
In a joint venture with INA, Edison (the fifth-largest energy company in Italy, active in electricity and natural gas) created ED-INA for research and production of hydro-carbons in the Adriatic. In 2010 Edison funded an exploratory investment of 25 million euros and spent about 110 million euros for developing infrastructures on the new
