ST. PETERSBURG, November 21. /TASS/. Russia and Serbia have agreed to prepare joint oil transport infrastructure in the territory of Serbia, Russian Minister of Economic Development Maxim Reshetnikov told reporters after signing the joint memorandum of cooperation between oil and gas companies of two countries.

"The memorandum of cooperation between major oil and gas companies of Russia and Serbia was made, which will become the basis to create and service oil transport infrastructure in the territory of Serbia," the minister said.

Russia is ready to help Serbia with building an oil pipeline via Hungary to the Druzhba oil pipeline, Vice President of the Russian oil pipeline operator Vladimir Kalanda said.