Montenegro are starting black gold digging

Source: Tanjug Friday, 12.06.2015. 10:04
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Montenegrin minister of economy, Vladimir Kavaric, said that the first drill hole in oil and gas exploration will be at least 20 km far from the coast.

He outlined the best practice which guarantees maximal environmental protection must be applied.

- In estimation of oil and gas exploration offers, we will pay major attention to method oil companies will using Montenegrin carbon-oxygen resource if discovered- Kavaric said in his interview for "Analitika" portal.

- If assumptions from the first tender process are confirmed, the first drilling can be expected at location which is more than 20 km far from the coast.

Mentioning that the government is negotiating on the best terms for the country, he added that in the next weeks he expects Montenegro will have drafts of the contract with oil companies for oil exploration ready.

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