April 12, 2012 [Serbia Energy] - The EBRD is considering providing a sovereign guaranteed loan of up to €5.7 million to Transnafta, a state-owned company in Serbia engaged in pipeline transportation and storage of crude oil, to finance the construction of two crude oil storage tanks.
The storage tanks, each with a capacity of 20,000 m3, will be built within an existing oil storage depot owned by the Company, located in an industrial area of Novi Sad, in northern Serbia.
The new capacities will be primarily used for storage of compulsory oil reserves of the Republic of Serbia and will be available to private sector as well.
The project will contribute to the structure and extent of the Serbian crude oil market. It will ensure clear, transparent and non-discriminatory third party access to the crude oil pipeline and to the existing and the new storage facilities.
