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Gazprom is interested in the "Solventul" Timisoara platform! It will invest 20 million euro and will build fuel storages

Date: 17/10/2011

One of the biggest transactions is about to be completed in Timisoara. Gazprom wants to enter the Romanian market by 2015 and to invest a few hundred million euro.  

One of the locations targeted by the Russians from Gazprom is the industrial platform "Sloventul" Timisoara.

According to sources close to Gazprom, Russians plan to clean the place and build oil and gas warehouses. From it there will be supplied gasoline stations in Romania, Serbia and even Bulgaria and Bosnia.

A management team and some specialists of Gazprom visited the platform in order to inspect the fuel pipeline which connects Pancevo with Timisoara and to see what rehabilitation work would be required. The investment which would ensure the revival of the industrial area and would create a significant number of jobs in Timisoara is about 20 million euro.

The company plans to invest in exploration and exploitation and construction of new gas stations, about 70-80. Also NIS (their subsidiary in Serbia) may develop in the electricity sector and transform into an integrated company.

The Serbian company, Naftna Industrija Srbije (NIS), owned by Gazprom signed in May an agreement with a Canadian company, East West Petroleum Corp. EWP obtained in concession from the National Agency for Mineral Resouces, four perimeters: EX-2 (Tria), EX-3 (Baile Felix), EX-7 (Periam) si EX-8 (Biled).

According to a press release of the two companies, the agreement states the cooperation to develop the four blocks. The agreement needs to be approved by the Romanian Government.

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