Comico Oil Wins Permit to Build $250 Million Refinery in Serbia

14. March 2012. / Uncategorized

 

Comico Oil, the Serbian unit of U.S.-Dutch Comico Overseas, won approval from the city of Smederevo, some 40 kilometers (25 miles) southeast of Belgrade, to lease land where it wants to build a $250 million refinery.

The municipal assembly agreed today to lease a 113-hectares (280 acres) plot for 652 million dinars ($7.7 million) for 99 years, Brance Stojanovic, assembly president, said in a phone interview from Smederevo today. Comico Oil will pay for the lease upfront, pledging to employ at least 540 workers and to meet environmental safety requirements, he said.

Download as PDF :

Download PDF