NIS started modernization of Oil Refinery in Pancevo - EUR 470m for new units
Modernization and construction of fuel production units started today (June 21, 2010) in Oil Refinery Pancevo, in which EUR 467m will be invested by the Petroleum Industry of Serbia (NIS).
Serbian Minister of Energy Petar Škundrić said on that occasion that EUR 397m would be invested in hydrocracking and hydroprocessing complex, while EUR 70m would be spent on the hydrogen production unit.
- The unit should be finished in the third quarter of 2012 - he said.
As Škundrić pointed out, upon the modernization of the refinery in Pancevo, the amount of refined oil in Pancevo will reach 4.8 million tonnes per year and NIS will become fully capable of producing motor gasoline and euro-diesel 5 by European ecological standards.
Škundrić also said that the contemporary filtering system in the new unit in Oil Refinery in Pancevo would enable reduction of pollution caused by oil refining.
Most Important News
11.03.2024. | Healthcare
Are Marketing Experts Reading Our Minds? – eKapija Investigates: What Neuromarketing Is and How Much It Is Used in Serbia
11.03.2024. | Construction, Transport
Tender for Continuation of Construction of Patrijarha Pavla Blvd Stopped – Contractors Demanding Price Higher Than Estimated
11.03.2024. | Construction, Transport
11.03.2024. | Construction, IT, Telecommunications
Auction for 5G Network by End-Year, Minister Announces
11.03.2024. | Construction, IT, Telecommunications
26.03.2024. | Finance
Miodrag Kostic’s Company Agri Europe Cyprus Wants to Buy 17% in Addiko Bank
26.03.2024. | Finance
17.01.2024. | Industry, Healthcare
Ceremony of Opening of Centers of Excellence in Kragujevac Planned for Spring – Official Beginning of Operations in June
17.01.2024. | Industry, Healthcare
26.03.2024. | Transport
Tender for Expert Supervision Over Planning and Construction of New Railroad Jovanovac – Cvetojevac Junction – Sobovica Published
26.03.2024. | Transport