Support The Moscow Times!

NIS, Canadians Cooperate

Naftna Industrija Srbije, controlled by Gazprom Neft, plans to explore four oil and gas blocks in Romania with Canada's East West Petroleum as it seeks to expand in the Balkans.

NIS, as the Serbian refiner is known, and East West are close to a cooperation agreement and plan to drill at least 12 wells at the blocks, which may contain shale gas as well as conventional oil and gas reserves, East West Petroleum said Wednesday in a statement.

(Bloomberg)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.