Environment Energy Mining Watch SEE|News|Oil fields scandal “The Russians could devastate Serbian oil reserves by 2021 and then give NiS back to us for one dollar”

Oil fields scandal “The Russians could devastate Serbian oil reserves by 2021 and then give NiS back to us for one dollar”

, News

How ruthlessly NIS is exploiting Serbian bore holes and draining domestic oil reserves is demonstrated by data on how rapidly the percentage of black gold from our reserves is increasing in the total production of the company.

Namely, according to data obtained by “Blic”, and which seems do not care for the state, which does not respond, since 2008 until today the share of domestic oil in the total production of the company acquired by the Russian “Gazprom” has increased nearly three times.

Experts say that this would be an alarm in every state, because it is clear that a foreign company, which is given the exploitation right does not respect fair play nor global standards in this area in the pursuit of profit and these standards clearly define that the resources must be used rationally.

This practically means that NIS has abused Serbian ore resources, especially at a time when there has been a fall in oil prices in the world market and it has ensured its profitability owing mainly to low price of oil production in Serbia.

‘Blic’ source from NIS claims that this is the basis on which the company has been filling its budget, while most other world competing companies recorded losses.

– Serbia silently monitors how its resources are recklessly being spent and speaks no word, nor controls what is being done in the company. It should be known that before the Russians have arrived it annually exploited from 20 to 22 percent of oil from domestic resources. It was also a part of the national strategy to keep the local resources. However, after entering of “Gazpromneft”, frantic devastation of Serbian mineral deposits has started, and in 2010 the percentage increased to 31 percent, up to even 57 percent last year. By doing this, NIS has achieved enormous profit, since the cost of production of Serbian oil is around USD 20 per barrel, while it is several times more in Russia, because of the mining royalty, which is seven and a half times higher than in Serbia. The difference in price between domestic and imported oil is moving above USD 730 per ton, and then calculate how much money has been earned – explains this high-ranking manager in NIS.

Our source adds that this is the basis of enormous profit achieved by NIS after privatization.

– Well, it could be done before them, to make the profit and keep all the money in the state with the release of more than 7,500 workers. But before them, we were taking care about the national resources. In this way, Serbia could run out of its oil already in 2021. I guarantee you that it can happen that the Russians give us back NIS for one dollar when they devastate all the deposits, like Americans did in steel plant in Smederevo. Now, there is only silence about everything, and about the fact that previously laid off workers work like slaves for EUR 202 through leasing agency, says “Blic” source.

Our interlocutor believes that Serbia must ask for a review of interstate agreement, because it was made with the assumption that the “South Stream Pipeline project” would be constructed, which was in the meantime abandoned.

Experts completely agree with this.

– It is unacceptable that no one controls what is happening with oil deposits. It would be prevented in any normal state. People should be aware that the sale of NIS for EUR 400 million also included the sale of exploration rights and use of domestic reserves of oil and gas, worth seven billion euros because the agreement from the Serbian side was very unprofessionally concluded. In fact, not only it was not known which assets were sold but not a letter was written on the protection of 10.5 million tons of oil and 4.35 billion cubic meters of gas – says technologist Milan Blagojevic, who worked in the oil fields in Libya for a long time.

Questions were sent in vain

The Ministry of Mining and Energy did not provide any answer to questions about the exploitation of oil and other topics related to NIS operation.

Source: Blic

 

 

Download PDF

LATEST NEWS

error: Content is protected !!