Q:
A:
Regional prosperity depends on crude oil transportation
Belgrade,
10 April 2006
Serbian Deputy Prime Minister Miroljub Labus has said that it is important to define a long-term crude oil transportation perspective from the Caspian region to central Europe as prosperity of all countries in the region depends on it.
Miroljub Labus
Author:
FoNet
Opening the first energy summit called "Balkan Oil Pipelines, When and Where" today at Belgrade's Intercontinental hotel, Labus said that the period of insecurity for this region will now be replaced by a period of prosperity.
According to Labus, the aim of the conference is to present the current realisation stages of three different pipelines: from Burgas to Alexandropoulos, from Burgas to Valona and from Constanta to Trieste, and also to explore alternatives.
These three oil pipelines are not competitive among themselves but complement each other, Labus said noting that particularly important is the pan-European oil pipeline (PEOP), as apart from countries in the region, central European countries are also users of crude oil.
The development of such infrastructural projects calls for partnership of private and public sectors, Labus said adding that the government is resolute to back such projects.
He pointed out that the insecurity in crude oil transportation in the region and in Europe would lead to the increase of crude oil price, which would consequently increase trade deficit and inflation in some countries.
Labus expressed satisfaction that Serbia is no more a “risk country”, but a country with new policies to its neighbours.
According to Labus, the aim of the conference is to present the current realisation stages of three different pipelines: from Burgas to Alexandropoulos, from Burgas to Valona and from Constanta to Trieste, and also to explore alternatives.
These three oil pipelines are not competitive among themselves but complement each other, Labus said noting that particularly important is the pan-European oil pipeline (PEOP), as apart from countries in the region, central European countries are also users of crude oil.
The development of such infrastructural projects calls for partnership of private and public sectors, Labus said adding that the government is resolute to back such projects.
He pointed out that the insecurity in crude oil transportation in the region and in Europe would lead to the increase of crude oil price, which would consequently increase trade deficit and inflation in some countries.
Labus expressed satisfaction that Serbia is no more a “risk country”, but a country with new policies to its neighbours.
-
Belgrade, 21 January 2026Key capital market institutions start operating in single building
-
Belgrade/Davos, 20 January 2026Serbia, Belgrade to be best possible Expo hosts
-
Belgrade, 19 January 2026State of emergency lifted in Majdanpek, Mali Zvornik, Lučani, Ivanjica
-
Belgrade, 10 January 2026Just over 22,000 consumers in Serbia currently without electricity
-
Belgrade, 8 January 2026E-Delivery Note, e-Sick Leave systems working well
-
Belgrade, 31 December 2025First Deputy Prime Minister wishes happy New Year to Serbian citizens
-
Belgrade, 31 December 2025Dačić sends New Year greetings to Serbian citizens
-
Belgrade, 30 December 2025Government committed to creating favourable business environment
-
Belgrade, 23 December 2025Liaison officers important factor in fight against crime
-
Belgrade, 22 December 2025Attracting investments by creating stable business environment