Serbia insists on the package deal Gas

As the press service of Serbia, on Monday and Tuesday the Serbian delegation headed by First Vice-Premier, Interior Minister Ivica working Dachichem in Moscow.The authorities in Serbia insisted on the conclusion of package deal with Russia, wishing to receive from the Russian side in the sale of 51% stake in oil company Naftna Industrija Srbije AD (NIS) guarantees for investments in two other projects specified in the agreement, namely the underground gas storage facilities Banatsky yard And gas Southern flow in Serbia. Serbia calls for tightly linking the sale of NIS Gazprom oil and the construction of a pipeline Southern stream (South Stream). Recall that “Gazprom oil” buys 51% stake in NIS for 400 million and pledged to invest in its modernization until 2012 even at least 500 million agreement also provides for the construction of Gazprom in Serbia branch pipeline “South Stream” and underground storage of gas “Banatsky yard.” Russian side proposed to pay compensation to Belgrade, where construction of the pipeline will be delayed, and if the project altogether would be minimized, that Gazprom oil will return all shares of Serbian companies. In addition, the Serbs have offered the Russian side to buy back a further 19.5% stake in NIS at the market price (about 500 million euros) and insisted on increasing the throughput capacity of the pipeline from 10 billion to 15 billion cubic meters. m per year. Furthermore, Belgrade rejected the proposal by the Russian side to invest in upgrading specified NIS 500 million euros through a loan, which would be the Serbian company has under safeguards Gazprom oil or Gazprom . The Serbs want our oil invested in the upgrading of 500 million euros of their money, and another 700 million euros in NIS has a duty under their guarantee – it is alleged 1.2 billion euros needed to complete the modernization of the three refineries and a network of filling stations.