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Serbia proposes state oil company modernization measures if Gazprom deal made.
Text of report by Serbian newspaper Politika website on 4 December
[Report by Misa Brkic: "Serbia Seeks Guarantees for Modernization of NIS"]
Serbia has drawn up a detailed proposal of measures for the overhaul and modernization of Naftna Industrija Srbije [NIS - Serbian Oil Company] if Russia's Gazprom furnishes the necessary guarantees that it will build the South Stream trunk gas pipeline and so qualify as a buyer for NIS. The investment plan in the form of an investment agreement will be put before a senior Gazprom delegation that is due in Belgrade on Friday [5 December], headed by CEO Alexei Miller.
The agreement is based on the so-called …
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