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Associated Press

Opposition challenges Russia-Serbia energy deal

The Associated Press09.16.2008
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A pro-Western opposition party says it is challenging a key gas and oil deal with Russia at Serbia's Constitutional Court.

The Liberal Democratic Party says in a statement that the deal was unconstitutional because it includes the sale of Serbia's state oil monopoly without a public bidding and gives away strategic resources to another country.

The party filed a formal petition to the Constitutional Court on Tuesday.

The agreement was signed in January and overwhelmingly approved in the Serbian parliament last week.

It envisages that part of a pan-European gas pipeline will run through Serbia while the country sells the majority stake of the state oil company, NIS, to the Russians.

Copyright 2008 The Industry Standard. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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