RUSSIA AND ROMANIA TO IMPLEMENT JOINT PROJECTS IN ENERGY SPHERE

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MOSCOW, February 15 (RIA Novosti) - Russia and Romania will implement a series of joint projects in the energy sphere, announced Romanian President Traian Basescu at a press conference in Moscow on Tuesday.

He pointed out that this issue had been discussed during his meeting with Russian President Vladimir Putin.

Mr. Basescu told the reporters that the Russian side proposed cooperation in the launch of the second power-generation unit at a Romanian nuclear power plant in accordance with current international standards.

"The nuclear power plant is operational, the first nuclear reactor is currently in the development stage," the Romanian president explained.

Another joint project will be the modernization of a large-capacity thermal power plant in Romania, Mr. Basescu announced.

"This thermal power plant was built in the 1960s with the use of contemporary Soviet technology," he added.

According to Mr. Basescu, in the framework of his visit, Romgaz and Gazprom outlined the details of a project that envisions the expansion of a gas pipeline in Romania.

Another joint project, the Romanian president stated, would be the joint construction of an underground storage facility for natural resources.

"In addition, we agreed to solve the issue of licensing weapons deliveries in the near future," Mr. Basescu announced. "There are ample opportunities for cooperation and arms sales, as well."

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