Comiko Oil refinery construction in Smerevo, contract signing end of april

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The contract for construction of oil refinery in Smederevo will be signed by end of april, says Smederevo mayor Predrag Umicevic.

The investor Comiko oil will have the investor board meeting with Comiko overseas and after that Smederevo expects the date for contract signing.

The Comico overseas consortium was founded in 2006 with head seat in Amsterdam. Three US companies participating in oil sector project financing agreed to support and fund joint venture project in Balkans. The company Brian Merry in cooperation with EIB will finance the contstruction of the refinery. Basic equipment produces petroleum industry equipment and Globalgas manages with oil exploration projects in Nigeria.

The Serbian project will be managed by their daughter company in Serbia, Comiko Oil Serbia.

The land lease for 99 years was granted to Comiko oil, the space in not completed industrial zone, surface area of 113ha. 542 new jobs will be created on this projects, Comiko will follow latest EU environmental standards.