Tag: NIS

Modernization of Pancevo oil refinery continues – Serbia, 16 September 2020

Serbian Minister of Finance Sinisa Mali met with General Director of oil company NIS Kiril Tyurdenev and discussed the project for the deep processing unit, which is crucial part of the second phase of Pancevo oil refinery modernization, worth around 300 million euros. The two officials talked ab Full article available for subscribers of Energy […]

NIS continues to invest despite the crisis – Serbia, 11 August 2020

General Director of Serbian oil company NIS, majority owned by Russian GazpromNeft, Kiril Tyurdenev said that, despite the crisis, the company will continue to invest in capital projects that will contribute to its further development. Tyurdenev said in an interview that the company managed t Full article available for subscribers of Energy NEWS service (PDF […]

NIS recorded 87 million euros net loss in H1 2020 – Serbia, 29 July 2020

In the first half of 2020, NIS’ operations were strongly influenced by adverse global macroeconomic circumstances. This primarily relates to the drop in oil prices and the COVID-19 pandemic, which caused a drastic decrease in demand for petroleum products in the reporting period. Under such conditio Full article available for subscribers of Energy NEWS service […]