Source: Tanjug | Friday, 12.07.2013.| 09:43
Highlight an article Print out the news

DACIC: State to invest EUR 10 billion in energy sector by 2021

Ivica Dacic
Ivica Dacic

Serbian Prime Minister Ivica Dacic said Thursday that Serbia would invest EUR 10 billion in the development of energy sector over the next eight years.

Dacic told a conference dedicated to South Stream gas pipeline that over the next three years, EUR 3 billion would be invested in the oil sector, EUR 2 billion in renewables, and about EUR 2 billion in gas sector.

According to him, the relationship with Russia's Gazprom and the construction of a 440 kilometer stretch of South Stream are extremely important. Dacic stressed that it was the most important project in the gas economy, along with the construction of gas storage in Banatski Dvor and Itebej, which will make Serbia a significant factor in the region when it comes to energy stability.

- South Stream will give a substantial contribution to the employment of domestic companies and Serbian citizens, and this project serves as a support to the joint euro-future of all countries on its route - Dacic said and pointed out that the Serbian government was aware of its obligations and that he was convinced it could meet all of them on time.

Only logged-in users can comment.