Szijjarto: Hungary, Serbia to speed up construction of first joint oil pipeline

Hungary and Serbia have agreed to accelerate joint investments in strengthening energy security, Hungarian Foreign Minister Peter Szijjarto wrote on Facebook following a phone conversation with Serbian Energy Minister Dubravka Djedovic, Report informs.

Szijjarto noted that Serbia is a partner of strategic importance for Hungary and 'without Serbia there is no Hungarian energy security - and vice versa.'

"We agreed with Serbian Energy Minister Dubravka Djedovic to accelerate our joint investments in energy and energy security, including the creation of a new electrical connection between the power grids of the two countries and the construction of the first joint oil pipeline," said the Hungarian foreign minister.