oil pipeline construction

Serbia Advances Strategic Hungary Oil Pipeline Project Amid Regional Energy Realignment

Serbia is progressing towards the initiation of a key energy infrastructure project with the proposal from state pipeline operator Transnafta to award the construction contract for the Hungary–Novi Sad oil pipeline to a consortium led by MVM Južna Bačka. This development marks a significant step in enhancing Serbia's energy landscape. The project, estimated at around RSD 14.5 billion excluding VAT, or approximately RSD 17.4 billion including VAT, involves the construction of a new oil pipeline that will connect the Hungarian…