Serbia: GazpromNeft NIS invests 326 MEUR in 2015th, AppSerbia
Serbian Oil company NIS, owned by GazpromNeft, plans to invest 325 MEUR this year, the same as in 2014th, it was announced from company.
This year the company plans to begin the second phase of processing facilities modernization in the oil refinery in Pancevo, by the complex construction for deep oil refining. The company still considerably reduces the investment compared to the previously announced. NIS’s results for last year will not be great compared to 2013th due to an unexpectedly high fall in oil and gas, higher depreciation and benefits, and tax increases from 10% to 15%.