BUSINESS

Gazprom considering transporting oil to its Serbian refineries via Romania

Romanian crude oil transporter Conpet and Russia’s Gazprom Neft, the oil division of the energy giant by the same name, will start off a feasibility study for the construction of a pipeline from Constanta, Romania, to Pancevo, Serbia, through which Gazprom will transport Russian crude oil to its Serbian refineries, Conpet Director General Liviu Ilasi said Thursday, Agerpres informs. Gazprom Neft owns in Serbia the local oil company NIS, which has two refineries, one each in Pancevo and Novi Sad. Ilasi added that this way the crude oil will be moved from Serbia via a much shorter route that entails smaller costs and provides higher security. The oil will come loaded on Russian oil tanks via the Black Sea to Constanta, where it will be fed into the Conpet pipelines at the Oil Terminal. Ilasi mentioned that the total investment in this project should exceed EUR 200 M.

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