Bosnia: Gazprom eyes Bosnian oil retail market as one of the new regional expansion priority

, SEE Energy News

Bosnia and Herzegovina is one of the priority regions for “Gazprom” concerning the development of that company and the proximity of the oil refinery in Pancevo, said Aleksandar Malanin, director of the block “Market” in the Oil Industry of Serbia (NIS) – “Gazprom”.

In BiH already operates 22 gas stations that are branded under the name of “Gazprom” and, as noted, by the end of the year in this country there will be 28, in Serbia17, in Romania 50, in Bulgaria 40.

Malanin announces that in BiH they will focus on the cities where still there aren’t their services and on the places in which the network development of these gas stations is economically justified.
Regional manager of NIS- Gazprom Neft for Adriatic region and director of retail companies in Bosnia and Herzegovina, Branko Radujko, reminds that in BiH they have appeared after taking network of “OMW” stations and he expects that they remain one of the leading companies in this market.
By the end of the year they plan to invest 90 million KM in Bosnia and Herzegovina.

Also, it is expected that by the end of 2015. year the network of “Gazprom” gas stations will have 250 stations. NIS operationally manages with network of “Gazprom” gas stations in the territory of the Balkan region.
The network of “Gazprom” gas stations belongs to the premium segment of the Balkan fuel market. At these gas stations it is sold the fuel of standard euro-5, high quality oils and lubricants and other additional goods.
Late last year, in Pancevo Oil Refinery it was completed one of the most important investment projects in the modern history of Serbia – the modernization of NIS processing facilities.

Start-up of a new, modern MHC & DHT complex, enables to Serbia continuous supply by the best quality fuel that fully complies with euro -5. The value of the investment is 547 million euros.
DHT & MHC complex includes 28 different manufacturing facilities and more than 300 processing systems – from the latest storage capacities TNG modern substation to the new loading stations and gas processing plants and other process residues.
The value of newly built plants and refinery infrastructure facilities is over 140 million euros.

Source; Serbia Energy See desk