Tag: Zarubezhneft

Accumulated loss of Brod refinery surpassed 300 million euros – Bosnia and Herzegovina, 20 March 2018

Oil refinery in Bosanski Brod, owned by Russian company NefteGazInkor, continues to operate negatively and accumulate losses, which have now exceeded 300 million euros. According to audit report for 2017, Brod refinery operated negatively in the last year as well, recording a loss of 7.7 million euros, so accumulated losses reached a total of 312 […]

Nestro Petrol achieved profit in 2017 – Bosnia and Herzegovina, 6 March 2018

Bosnian fuel retailer Nestro Petrol, a part of Optima Group, announced that it has recorded a net profit in the amount of 1.8 million euros in 2017, compared to a loss of almost 250,000 euros in the previous year. According to the company’s financial statement, its operating income increased by 7.4 % in 2017, reaching […]

Brod oil refinery continues to accumulate losses – Bosnia and Herzegovina, 13 November 2017

Bosnian oil refinery Bosanski Brod, owned by Russian Zarubezhneft, continues its poor financial performance in 2017, while the market value of its shares has hit historical low and now amounts just slightly over 800,000 euros, which is equivalent to a third of the price of one petrol station. One share of Brod refinery with the […]