Source: Tanjug | Tuesday, 05.03.2019.| 10:51
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NIS announces investments of EUR 1.5 billion by 2025 – Production of oil and gas in B&H considered as well

Illustration (Photo: Adriana Iacob/shutterstock.com)
The CEO of Naftna Industrija Srbije, Kirill Tyurdenev, said during the Kopaonik Business Forum that the company would invest EUR 1.5 billion in new projects and production by 2025 and that the production of oil and gas in Bosnia and Herzegovina was being considered as well.

Tyurdenev says that the total investments of NIS amount to EUR 5 billion, including those yet to be realized.

He reminded that, since 2009, when Gazpromneft became a shareholder in NIS, EUR 3 billion had been invested and that the previous year's investments in the construction of new facilities amounted to around EUR 300 million alone.

One of these facilities will be located in Pancevo, and as he announced, an investment in a wind farm in Plandiste, the construction of a 100-MW facility in which 140 to 150 million euros will be invested, is planned as well.

The project in Pancevo, where a facility for the production of electrical energy is being built, will cost this company 170 to 180 million euros.

Tyurdenev said that the production of oil and gas in the territory of B&H was being considered and that the company was looking into the potentials of numerous locations.
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