NIS, a subsidary of Russia's Gazprom, will start a 12-well exploratory drilling program in Romania.
      
       Naftna Industrija Srbije jsc Novi Sad and Canadian East West Petroleum Corporation have signed an agreement to develop four blocks in Romania. This will also help NIS to realize the strategy of transformation into an active regional player in the Balkan energy market, according to Kirill Kravchenko, NIS General director.
      
       NIS and Canadian EWP will cooperate on the exploration and production of oil and gas on the territory of about 1 million acres, according to B 92.
      
      
       reuters.com
       ogj.com
       b92.net