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September 07, 2003 - Sunday |
Russian LUK Oil's arrival will bring many changes - NIS manager
17:03 BELGRADE, Sep 7 (Tanjug) - Acting General Manager of Serbian oil industry NIS Pavle Vuckovic told Tanjug that the sale of Beopetrol oil company and the arrival of Russian LUK Oil would bring about many changes in working conditions and business activities of state oil trading companies and make monopoly disappear, and will make necessary a clear definition of Serbia's oil market.
On one hand, competition will be good, and on the other, it will lead to the disappearance of the existing monopoly. This will need an adequate response, which means that NIS will have to take business and economic measures within its system, Vuckovic said.
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