Russian NeftegazInKor invests 700 mil euro in Bosnian refinery

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Russian oil company “NeftegazInKor”which is major shareholder of oil refinery in Bosanski Brod plans to invest 700 mil euro in next four years announced Aleksandar Djakonov the director of Optima Group which manages the oil production factory and refinery on behalf of the Russian company.

In an interview for Sarajevo daily news paper Oslobodjenje, so far into modernization of the refinery it was invested more than 120 mil euro, and planed 4 year investment cycle has the goal to modernize the facility to the highest European standards.

Upon completion of the investment cycle the refinery will have full capacity of 4,2 mill tons of oil, stated Djakonov.