NIS to enter Montenegro oil market?
Serbia’s oil monopoly NIS will bid in a tender to enter Montenegro’s oil market.
Sunday, 29.04.2007.
11:51
NIS to enter Montenegro oil market?
The tender envisages the establishment of a joint company in which Montenegro-bonus and its strategic partner will have equal shares.Montenegro-bonus oil company owns oil warehouses and depots in several Montenegrin cities. According to Monenegrin government officials, the state set up the company so as to contribute to the revival of the economy and bring about a decrease in oil product prices.
Serbian Oil Company NIS will compete alongside the Croatian oil company INA in an attempt to gain strategic advantage in the region.
The deadline for submitting offers has been set for May 22.
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