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Oil pipeline from Hungary to Novi Sad to cost EUR 129.5 million - Beginning of construction announced for end of the year, completion by 2027.

Source: eKapija

Tuesday, 01.04.2025.

19:25

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Illustration (Photo: Shutterstock/Maksim Safaniuk)

The completion of the oil pipeline project from Hungary to Novi Sad is planned for the third quarter of this year, while construction is expected to begin in the fourth quarter, announced Serbian President Aleksandar Vučić. He added that the pipeline is expected to be completed by the first quarter of 2027, on the eve of the Expo.

The total investment value is estimated at EUR 129.5 million.

- We would then have another oil pipeline near Janaf, greater possibility, more significant diversification for obtaining oil from various sources, which can also be incomparably cheaper for Serbia - Vučić said at a joint press conference with the Hungarian Minister of Defense Kristof Salai-Bobrovnicki.

The President added that Serbia remains a reliable partner to Hungary in the field of energy, and also that the two countries continue close cooperation in the supply and transport of energy products.

Let's remind, the Government of Serbia adopted the Decree on establishing the Spatial Plan of the special purpose area of the infrastructure corridor of the oil pipeline from the border with Hungary to Novi Sad, thus creating the conditions for the construction of this energy project.

The position of the Hungarian-Novi Sad border oil pipeline in relation to other objects of the oil industry (Photo: Prostorni plan područja posebne namene infrastrukturnog koridora naftovoda od granice sa Mađarskom do Novog Sada)

According to the document, the spatial plan covers parts of the territories of the cities and municipalities of Novi Sad, Kanjiža, Senta, Ada, Bečej and Žabalj. This plan establishes the basics of the organization, arrangement, use and protection of the infrastructure corridor of the oil pipeline, and contains elements of detailed regulation that enable its direct implementation.

The oil pipeline construction project is the result of cooperation between Serbia and Hungary, formalized by the signing of the Memorandum of Understanding between the Ministers of Mining and Energy of Serbia and Foreign Affairs and Foreign Trade of Hungary in June 2023.

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Predsedništvo Republike Srbije

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President of Serbia

Aleksandar Vučić

Spatial plan of the special purpose area of the oil pipeline infrastructure corridor from the border with Hungary to Novi Sad

oil pipeline to Hungary

construction of oil pipeline

oil pipeline Serbia Hungary

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