Novatek

Oil Exploration off Montenegro Triggers Fears for Environment, Tourism

Projections suggest Montenegro might have enough oil and gas out at sea to cover its own needs. It signed a concession contract in 2016 and officials say the first exploratory drilling might take up to six months.

But local residents and environmental activists are worried.

"There is no vision," said Natasa Kovacevic of the NGO Green Home.

Serbia's honorary consul - Putin's pal and enemy of West

According to unofficial announcements, Russian businessman Gennady Timchenko will soon become Serbia's honorary consul in St. Petersburg.

The 63-year-old billionaire is the founder and shareholder in the Volga Group investment firm, a member of the council of directors of the oil-chemical concern Sibur, and investor in Russia's biggest independent oil producer Novatek.