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In reply to the discussion: And we continue to be further divided (Warning graphic image included) [View all]Mojorabbit
(16,020 posts)Bosnia region, Shell in oil exploration deal
Oct 13 (Reuters) - Bosnia's Muslim-Croat federation will seal a preliminary deal next month with Shell Exploration Company, part of Royal Dutch Shell , to start exploring potential natural gas and oil fields in the region, the government said on Thursday.
Energy Minister Erdal Trhulj said the government approached the oil major in May, after deciding to revive oil and gas exploration plans first made before Bosnia's 1992-95 war, when U.S. and British researchers found deposits in the north and south.
"We have finally reached a point where both sides agree to sign a two-year memorandum with a possibility of a one-year extension in early November," Trhulj told reporters.
Under the deal, Bosnia's largest engineering group Energoinvest, which was the local partner in the original project, will hand over all documentation to Shell.
http://www.reuters.com/article/2011/10/13/bosnia-shell-oil-idUSL5E7LD37Q20111013