Russians agree to sell their stake in NIS! Miister Djedovic Handanovic reacts
Minister of Mining and Energy Dubravka Djedovic Handanovic said today that the Russian side has agreed to sell its share in NIS (Petroleum Industry of Serbia).
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"Russian owners have agreed to sell their share in Petroleum Industry of Serbia, that is 56.15%. They are negotiating it. We are very involved and informed, of course, about these negotiations. We provide comments, not on a daily but on an hourly basis, because we (the Republic of Serbia) are the second largest shareholder with 29.8% and because it is the vital interest for NIS to continue to operate, to continue to operate successfully, because that is absolutely necessary for our country's energy stability," said Dubravka Djedovic Handanovic.
Who is the third party
The minister also explained why the state is still not announcing who the third party involved in the negotiations is.
"The reason why we still haven't gone public with that is that these are business negotiations between serious companies and until they are finished or at least until the most important details are worked out, it would not be serious to talk about it, but nothing is being hidden from the public. As you've seen, we've been very transparent about everything so far. Our demand is clear, that is, the refinery (in Pancevo) must continue operating and to ensure the flow of crude oil from JANAF (pipeline) as soon as possible," the minister added.
She recalled that no oil has been supplied to Serbia for 43 days now.
"This has not affected the citizens precisely because we worked hard to be ready for all scenarios, if and when challenges with Petroleum Industry of Serbia arose. What is also important is that NIS has submitted a request through its lawyers in the United States, to the US government, for an extension of the operating license, which means that it would be able to continue to supply crude oil, that the refinery can continue to operate, and we are now waiting for the decision of the US government, whether what they (NIS) proposed, and of course we are involved in that, is acceptable," concluded Djedovic Handanovic.
(Telegraf Biznis)