Serbian Government: Hungary-Serbia oil pipeline important project for Serbia

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The Serbian Government adopted on Thursday a Conclusion establishing the Project "Construction of the Hungary-Serbia Oil Pipeline" as a project of importance for the Republic of Serbia, said a press release issued after a Government meeting.

The project is planned under a list of priority investments as one of strategic projects in the field of oil supply, it said.

“Serbia is supplied with imported crude oil from one direction only, through the Republic of Croatia, through the Janaf oil pipeline, and the construction of the new oil pipeline to Hungary will ensure a safer supply of the domestic refinery, and thus the domestic market,” said the Government.

“Also, the project would enable the diversification of crude oil supply routes so that the Republic of Serbia, in addition to the current supply of oil through the Croatian oil pipeline Janaf, would have the possibility of being supplied through the Druzhba pipeline,” it added.