Serbia to seek consultant for selecting oil shale exploitation partner.

By bne IntelliNews January 4, 2012
Serbia will open a tender later this month to pick a consultant who will help it select a strategic partner for oil shale exploitation, mining minister Oliver Dulic told news agency Beta in an interview. The exploitation will be carried out on the territory of the southeastern municipality of Aleksinac. "The advisor will help attracting a big foreign investor and we expect it would be able to prepare an international tender for choosing it in the next several months," Dulic said, adding his ministry would like to have the strategic partner tender launched by the middle of 2012. He said exploitation could not start before the end of 2016 and the beginning of 2017. According to Dulic, the state will insist on becoming a majority owner in a future joint venture firm for oil shale exploration. Final testing is underway in Aleksinac that should define the balance of the oil shale reserves.
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