Vucic, Orban discuss possibilities to overcome energy sector crisis

BELGRADE - Serbian President Aleksandar Vucic spoke with Hungarian PM Viktor Orban by phone on Thursday to assess all possibilities for Serbia and Hungary to jointly overcome the crisis in various fields of the energy sector.

"An important discussion with Hungarian PM Viktor Orban. Today is one of the most difficult days when it comes to energy security in Europe and the world so, with PM Orban, I assessed all possibilities to jointly overcome the crisis in various fields of the energy sector," Vucic posted on Instagram.

He added that they had also discussed all other joint projects by Serbia and Hungary, including the opening to traffic of a Belgrade-Budapest high-speed rail line.

"At the same time, we agreed that peace and stability in the region are in the greatest interest of our two countries and of the greatest importance for them," Vucic concluded.

Vucic: Serbia has largest fuel reserves in region

INDJIJA - Serbian President Aleksandar Vucic said on Thursday Serbia had larger fuel reserves than any other country in the wider region but that the global energy situation remained very complicated.

Commenting on a reporter's remark that Slovenia had introduced restrictions at petrol stations, Vucic said that was a trifle and that things would get much worse. "

Ask the English what they will do in a month's time, in just a month's time," Vucic added.

Asked if there was a way out for Serbia or not, Vucic responded that, considering its population size and consumption, Serbia had higher fuel reserves.

"Everyone else has smaller reserves than we do. That is all I can tell you," he said.

Vucic calls urgent meeting over global crude oil price hike

BELGRADE - Serbian President Aleksandar Vucic called on Thursday an urgent meeting with relevant ministries and institutions to assess the situation in the fuel market and the state of reserves in the country, Tanjug learns.

The crude oil price soared to 112 dollars per barrel on Thursday morning following media reports of an air attack on Iran's South Pars natural gas field.