Source: Beta | Friday, 22.01.2021.| 09:06
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Chinese Investors Interested in Construction of Oil Refinery in Smederevo Worth Around USD 2.6 Billion

Illustration/Pancevo Oil Refinery
Illustration/Pancevo Oil Refinery (Photo: Adriana Iacob/shutterstock.com)
A meeting with representatives of Chinese investors about the construction of an oil refinery in Smederevo, worth around USD 2.6 billion, has been held at the National Council for Coordination of Cooperation with Russia and China.

The council announced that the representatives of the Chinese companies had announced that they were ready to start realizing the project in April, after the negotiations and the harmonization of all the issues with the task force to be formed by the Government of Serbia, whereas a rough deadline period for the completion of the works would be four years.

– The plan is for the refinery to be built in the location where the construction of refinery was planned once before. It would produce EURO 6 fuel, and there would be zero emission of harmful gases. Companies from Germany and the United States will take part in the production of the equipment – reads the press release issued after the meeting.

It is said that this will be “the first investment in line with the latest technology, deploying full environmental protection”.
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