Fuels

Minister of energy signs memorandum on oil storage

BELGRADE - Serbia's Minister of Energy Zorana Mihajlovic signed on Thursday a memorandum of understanding regarding the construction of storage facilities needed to hold the obligatory reserves of oil and petroleum products worth EUR 50 million.

The memorandum refers to the creation of a joint venture between the government owned Transnafta from Pancevo and Oiltanking from Germany.

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