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October 1, 2020
BUSINESS

Pitesti – Pancevo oil pipeline

Romania’s Conpet – whose core activity is the transport of crude oil, rich gas, ethane and condensate through pipelines and by railway tanks – and Serbia’s peer company Transnafta will complete in the coming three months the economic analysis on the viability of an oil pipeline that could link the city of Pitesti to Pancevo, informs a release from the Romanian Energy Department. Minister-delegate for Energy Razvan Nicolescu met on Friday with his Serbian counterpart Aleksandar Antic.  n“Me and my Serbian counterpart had a discussion that gives me hope that the two countries’ energy cooperation will intensify in the near future,” said Minister Nicolescu, who also voiced hope that a contract for the supply of coal from Romania to Serbia will be successfully finalised.  “I am also pleased with the openness shown by the Serbian Government to Hidroelectrica’s setting up an office in Belgrade. We also agreed that Conpet and Transnafta are to finalise within three months an economic analysis on the viability of a pipeline linking Pitesti to Pancevo, facilitating the transport of crude oil to the Pancevo refinery from the port of Constanta,” added Nicolescu.  Romanian and Russian authorities have been discussing over the years a tentative joint project to build an oil pipeline from Constanta to Pancevo, through which Gazprom Neft would ship Russian crude oil to its refineries in Serbia.  According to statements made by Conpet officials one year ago, the pipeline’s capacity would be 7.5 million tons per year.

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