Serbia allows Russia a major role in energy business
Serbia cemented its ties with Russia Tuesday, allowing Moscow a major role in its economy through an agreement with energy giant Gazprom to develop the Balkan country’s oil and gas industry.The move, which follows a similar deal last week between Russia and Bulgaria, was widely seen as increasing Moscow’s energy presence in the region and confirming Serbia’s Russian links.
“The government of Serbia adopted … the draft Agreement with the government of Russia on cooperation in the energy and gas field,” a government statement said.
The deal covers a pipeline to be built by Gazprom in southern Serbia and an underground gas storage facility in northern Vojvodina province, as well as the sale of the oil monopoly NIS, it said.
Last month, Gazprom offered 400 million euros (595 million dollars) for 51 percent of NIS.
Leave your response!
You must be logged in to post a comment.