• Sunday, 07 July 2024

Serbia has strategic interest to construct oil pipeline to N Macedonia, Greece and Albania: minister

Serbia has strategic interest to construct oil pipeline to N Macedonia, Greece and Albania: minister
Belgrade, 17 October 2022 (MIA) - Serbian Deputy PM and Minister of Mining and Energy Zorana Mihajlovic said Monday it is important for the country to construct an oil pipeline leading to the Mediterranean, namely to ports In Albania and Greece, but to also link up with Hungary, MIA reports from Belgrade. “It is strategically important for us to link up from Nis to Skopje and then to Thessaloniki and Albania, giving us access to various suppliers and all types of oil, but also a pipeline to Hungary and access to Russian oil. This diversification is estimated to be worth about EUR 1 billion. This is a big investment but one that gives Serbia security when it comes to oil supply,” said Mihajlovic. She added that the international project encompasses regional states, with other countries and international financial institutions already showing interest.