RUSSIANS ARE INTERESTED IN OIL EXPLORATION IN BIH

The Russian Neftegazinkor and Gaspromneft which plan to explore oil in RS through the Serbian Oil Industry (NIS) and Optima Group have decided to form a joint venture for oil exploration and exploitation in Banja Luka. 

The Russian Neftegazinkor and Gaspromneft which plan to explore oil in RS through the Serbian Oil Industry (NIS) and Optima Group have decided to form a joint venture for oil exploration and exploitation in Banja Luka.

The concrete exploration activities are not expected before the spring of 2011.

The value of exploration is estimated at 150 million US Dollars.