Posted on 12/28/2005 3:10:28 AM PST by kronos77
According to People's Daily online, Serbian Assistant Minister of Energy and Mining Slobodan Sokolovic said that relevant ministries in Serbia, Croatia and Italy will be signing a memorandum of intent by mid-January in Rome, adding that Slovenia is expected to participate as well.
Sokolovic said that an agreement would launch a company for the development of the oil pipeline project, whose primary task would be to work out all the needed studies and state accords.
According to assessments, the building of the 1,500 km oil pipeline from the Romanian port of Constanza to Italy's Trieste would cost about two billion euros.
The pipeline, which would run across 194 km of Serbia's territory, would greatly improve trade throughout the Caspian region of Central Europe and reduce reliance on Middle Eastern reserves.
More Russian oil I suppose? Is not Serbia already dependent from Russian gas and oil? Are you buying something in the Middle East as article suggests?
No, American from Caucasus. Azarbeyjani.
This is American pipeline.
At least one optimistic symptom recently. Do you know how much Serbia is paying for the Russian gas?
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