Killajoules

Additional Modernisation at the Pančevo Oil Refinery
In an effort to ensure the reliable operation of production facilities and increase the volume of production of top quality petroleum products, NIS is going to launch a planned overhaul of all refinery process facilities in Pančevo as of 1 September. The overhaul is going to last until 30 September and in addition to controlling, replacing and inspecting the refinery equipment, the refinery capacities will be additionally modernised at the same time.

Gazprom Neft completes refinery modernisation project at Pančevo
Gazprom Neft’s subsidiary NIS (Naftna Industrija Srbije ) has completed a major modernisation project of its refining capacity in Serbia. The company has started operating a new light hydro-cracking and motor fuel hydro-treatment facility at the Pančevo refinery. The completion of the facility will allow NIS to take a leading position in the Balkan oil products market.

Gazprom and Serbia sign final investment decision on South Stream
A Gazprom delegation led by Leonid Chugunov, Head of the Company's Project Management Department paid a working visit today to the Republic of Serbia.

NIS Introduced the Development Strategy of Base Oil Production in the Novi Sad Refinery
Presentation of the Development Strategy of Base Oil Production in the NIS Refinery in Novi Sad was held on 29 August. The Board of NIS Directors approved this document in May 2012, and it was also approved by the two largest shareholders of NIS – the Serbian Government and the company “Gazprom Neft”.

NIS announced an investment program in ecology
In NIS, the Serbian government today announced the results of environmental projects, strategic objectives and investment program in the field of environmental protection. On this important project, they said Kiril Kravchenko, Director General of NIS ad, and Oliver Dulic, Minister of Environment, Mining and Spatial Planning.

Gazprom and Srbijagas to initiate gas injection into Banatski Dvor UGS facility soon
Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Dusan Bajatovic, Chief Executive Officer of Srbijagas held a meeting today as part of the St. Petersburg International Economic Forum 2011.

Gazprom and Srbijagas sign action plan to implement South Stream project in Serbia
Zurich (Switzerland) hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Dusan Bajatovic, Chief Executive Officer of Srbijagas.

Gazprom Neft purchases 5.15% shares in NIS
Gazprom Neft announces that it has finalised its offer made in January to the minority shareholders of Serbian oil company NIS. 8,4 million NIS shares were submitted for purchase, amounting to 5.15% of the company's authorised capital. The maximum number of NIS shares that could be submitted for the buy-out was 19.12% or 31,18 million of shares with voting rights.

NIS begins overhaul and reconstruction of the Pancevo Oil Refinery
Designed to ensure reliable operation of production facilities and increase the volume of production of petroleum products, Petroleum Industry of Serbia has today begun repairing and reconstruction of the oil refinery in Pancevo. Overhaul of the refinery plant worth 480 million dinars, and the reconstruction of the complex fluid catalytic cracking (FCC) 14 million.