Begins the search for a billion barrels of oil in the Federation

Ministry of Energy, Mining and Industry should be by the end of November issue a public call for expressions of interest for oil and gas exploration in the FBiH, and after the oil giant "Shell" last year gave up this job. Confirmed this Nermin Džindić, Federal Minister of Energy, Mining and Industry.

What awaited

The reason why so many waiting for the announcement of the call, and after the termination of cooperation with "Shell", lies in the fact that the Federal Government only a few days ago appointed advisory expert body for exploration and exploitation. Members of this body are experts that will monitor the implementation of the project, and even the publication of the documents.

- Now conditions have been met to issue a public call. For what it's about. I believe that by the end of November we will announce a call, because it lost a lot of time - says Džindić.It is necessary that the Government prior to the public call and announce the call for the selection of an international consultant to negotiate with potential researchers oil and gas FBiH, which will also soon be completed.

But when it comes expressed interest in research, Džindić says that the French oil giant "Total", which is in the letter of intent announced that the oil exploration in the FBiH invested a billion dollars, most interested company that so far emerged FBiH Government."Total" is the fourth largest oil company in the world, with annual revenues exceeding $ 250 billion and a total of 100,000 employees. Operating in more than 130 countries around the world. They have already several times been in meetings at the Government Office.

Letter of intent

In addition to the "Total", interest still shown and the oil companies' key Petroulem "in Australia and" Spectrum "from the UK. All these companies have long sent a letter of intent.