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NIS privatisation moves forward with preparation of tender for advisor
Belgrade,
28 July 2005
Serbian Assistant Minister of Energy and Mining Slobodan Sokolovic said today that the ministry has prepared a tender to hire an adviser in the privatisation of state oil company NIS and that it has submitted it to the government for consideration.
Sokolovic recalled that the ministry has now met its commitment to prepare a tender for a privatisation adviser by the end of July and he added that the advisor will be expected to propose the method, stages, and pace of privatisation of the national oil company within five months’ time of the appointment.
He reiterated that the ministry views privatisation as a process of raising capital and securing that NIS will become a profitable and efficient company that will ensure a stable supply at acceptable prices and be a driving force in the development of Serbia’s economy.
Sokolovic explained that the privatisation has been simplistically interpreted in the public and reduced to the sale of the company, which, as he added, is not correct. He also said that the tender for a privatisation adviser applies to all of the company rather than just the refineries.
He reiterated that the ministry views privatisation as a process of raising capital and securing that NIS will become a profitable and efficient company that will ensure a stable supply at acceptable prices and be a driving force in the development of Serbia’s economy.
Sokolovic explained that the privatisation has been simplistically interpreted in the public and reduced to the sale of the company, which, as he added, is not correct. He also said that the tender for a privatisation adviser applies to all of the company rather than just the refineries.
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