Esti Energy interested in oil shale in Serbia

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The Estonian company Esti Energy is interested in investing in the exploitation of oil shale and the production of oil in Aleksinac, the director of the company, Prit Raid, stated on March 20 in Narva, Estonia.

He told reporters from Belgrade, who are paying a visit to Estonia, that the company is interested in joining the project for the exploitation of oil shale in Aleksinac, if it is realized, adding that the project is still in an early phase.

Professor of the Faculty of Mining and Geology in Belgrade, Vojin Cokorilo, told the Estonians that the estimated potential geological reserves of oil shale in the Aleksinac basin is around two billion tons, or more than 1.1 billion barrels of oil.

Source Emg