"Gazpromneft" transferred to the Serbian government was 400 million euros to pay the cost of 51% of the shares "Oil Industry of Serbia, told the reported with reference to the Government of Serbia.
A subsidiary company of Gazprom also referred to the Serbian side of the corporate guarantee, confirming its readiness to invest in reconstruction and modernization of NIS to 2012 547 million euros. This amount is specified in the signed late last year in Moscow, the contract for the sale of the Serbian in the field of oil refining.
Thus, the larger the transaction, prepared for January 2008, is nearly completed. In accordance with the agreed procedure, the Serbian authorities should immediately initiate the procedure for transfer of property rights over assets to the new owner of the NIS.
It is expected that next week will host the first meeting of the shareholders of the NIS, which are the endorsed candidates are the chairman and 11 members of the board of directors (6 of them will represent the "Gazpromneft, 5 - the Serb side), explained the Serbian Energy Minister Petar Shkundrich.
INS owned two oil refineries with a total of 3.5 million tons per year, more than 400 gas stations, several oil wells and gas fields small debit, as well as a large "non-" real estate.
According to the Serbian experts, after the first stage of reconstruction of its refinery capacity INS grow in 2-2,5 times that is up to 7-8 million tons, and the quality of the product will meet the standard Euro-5 ", to which the EU will move in 2010.
Given the capacity of refineries in the town of Bosanski Brod (the Bosnian Serb Republic), passed into the ownership of "Zarubezhneft and its subsidiary company" Neftegazinkor "in a few years, the cumulative production of the Russian plants will be about 15 million tons of oil a year, and Serbia secure a leading position in the regional oil market.
Money Gazpromnefti allowed Serbia to stabilize the state budget, increasing foreign exchange reserves from 7.9 to 8.3 billion euros, and gave the Government an opportunity to strengthen the national currency - the Serbian dinar. Up to 90% of the proceeds from the sale of a controlling stake in NIS to be transferred to the Vojvodina, where the main production company. As stated by the authorities of the autonomous province, all of these funds will be directed to the implementation of important infrastructure projects, including construction of a bridge over the Danube and the highways Timisoara - Novi Sad - Ruma.
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