Home | Web Extra | Interactive | Radio Programs | Categories | More  
CRI Home   •About Us  •Jobs  •Contact Us 
  Local Services: Beijing | London | Sydney | Washington | Beyond Beijing

Russia, Serbia Sign Gas Deal
    2008-12-25 10:56:27     CRIENGLISH.com

Russia and Serbia has signed a series of agreement on cooperation in the oil and gas sector.

The deal means Serbia will sell its oil monopoly, NIS, to Russia's state-controlled Gazprom in exchange for the construction of a strategic Russian pipeline through Serbia.

Russia president Dmitry Medvedev said it would provide energy security and boost economy for both countries in the coming year.

"It's symbolic that it happened before the New Year, the year that will probably create additional options for the development of our economies, for providing energy security for our countries and Europe as a whole. Such bilateral agreements give new motivation for economic development and create an additional base to help economies in difficult conditions and in the end they help to handle serious tasks."

Serbian president Boris Tadic said the agreement would benefit his people.

"As you know we want to become EU members. I think it will be useful not only for Serbian citizens but also for Russia. The fact that we are signing this gas contract today means that Russian gas will go through Serbia to Europe."

Critics say Russia has given no firm guarantees that it will build the natural gas pipeline, called the "South Stream", by 2015, even though Gazprom will be allowed to immediately take a controlling stake in NIS.

The 13 billion US dollar pipeline under the Black Sea would carry Russian natural gas to Bulgaria and Serbia before branching out to points in Western Europe.



CRIENGLISH.com claims the copyright of all material and information produced originally by our staff. No person, organization and/or company shall reproduce, disseminate or broadcast the content in any manner whatsoever without the express written permission of CRIENGLISH.com.

CRIENGLISH.com holds neither liability nor responsibility for materials attributed to any other source. Such information is provided as reportage and dissemination of information but does not necessarily reflect the opinion of or endorsement by CRI.

Web Extra
Countdown to 2009
A wonderful Time of the Year: on Christmas Eve of 2008
Shenzhen Memory
When Modern Dance Meets a Lover of the East

What makes you happy?
A recent survey shows that people feel the happiest when they reach their 60s and 70s. Is it true that we may ignore happiness when we spend all the time looking for it? [China Drive]
 Join us in Talk China
Transcend Yourself
Transcendence is one of the core concepts of the Paralympics. In your life, have you ever transcended yourself to reach a goal? Have you achieved something that you normally wouldn't be able to do? [China Drive]

Radio Programs
Find your favorite program
Ways to Listen
Via shortwave
Via local AM and FM
Via Internet
Hosts A-Z
Help With Listening