Q:
A:
Debt settlement to Russia is of great importance
Belgrade,
3 July 2004
Serbian Minister of Mining and Energy Radomir Naumov said last night in an interview for BK television that clearing the debt of Serbia to Russia is of great importance for Serbian companies.
Naumov said that this agreement with Russia opens the door for wide cooperation with Russia not only in the field of energy.
“We have relieved the NIS oil company of a debt burden amounting to almost $245 million, and thus practically gave the chance to NIS to take a stronger position in the talks with foreign strategic partners in the forthcoming negotiating period which will be dedicated to modernising and rehabilitating the refinery and retail trade network,” the Minister of Mining and Energy said.
He said that settling the Serbia, Russia debt is also a chance to revitalise the Djerdap hydroelectric plant.
“The reconstruction or revitalization of Djerdap has practically started. We have completed the project documentation in agreement with our Russian partners, independently from these formal signatures. A great part of the equipment is being made in Russia’s factories,” Naumov said.
He said that the natural gas is an “energy source of the 21st century,” adding that gas network in Serbia to the south of the Sava and the Danube is not well developed. Therefore, Russian companies and Gazprom as the gas producer are very interested to get involved in this business.
The Minister of Mining and Energy expressed hope that all main gas pipe lines from Nis to Dimitrovgrad and from Nis to Pristina, as well as other ones, will cause great interest not only of Russian companies, but other world companies as well.
“We have relieved the NIS oil company of a debt burden amounting to almost $245 million, and thus practically gave the chance to NIS to take a stronger position in the talks with foreign strategic partners in the forthcoming negotiating period which will be dedicated to modernising and rehabilitating the refinery and retail trade network,” the Minister of Mining and Energy said.
He said that settling the Serbia, Russia debt is also a chance to revitalise the Djerdap hydroelectric plant.
“The reconstruction or revitalization of Djerdap has practically started. We have completed the project documentation in agreement with our Russian partners, independently from these formal signatures. A great part of the equipment is being made in Russia’s factories,” Naumov said.
He said that the natural gas is an “energy source of the 21st century,” adding that gas network in Serbia to the south of the Sava and the Danube is not well developed. Therefore, Russian companies and Gazprom as the gas producer are very interested to get involved in this business.
The Minister of Mining and Energy expressed hope that all main gas pipe lines from Nis to Dimitrovgrad and from Nis to Pristina, as well as other ones, will cause great interest not only of Russian companies, but other world companies as well.
-
Belgrade, 29 October 2024State moves to minimise advertising for betting shops
-
Belgrade/Berlin, 28 January 2016Fences cannot stop migrations
-
Belgrade, 7 January 2016Serbia to experience dynamic economic growth in 2016
-
Belgrade, 31 December 2015Serbia will persevere on path of development, reforms
-
Belgrade, 30 December 2015Ground for Serbia’s progress set
-
Belgrade, 28 December 2015
Serbia ready for improvement of cooperation with Russia
-
Belgrade, 22 December 2015Serbia ready to open six more chapters next year
-
Belgrade, 21 December 2015Serbia to be part of EU by 2020
-
Belgrade, 20 December 2015Serbia ready for EU membership by 2019
-
Belgrade, 16 December 2015Chapter 35 not substitute for Belgrade-Pristina dialogue