The NIS refining facility consists of two refineries, located in Panchevo and Novi Sad. The maximum capacity of the refineries is 7.3 million tonnes of crude oil per year.

The NIS refineries processed a total of 2.747 million tonnes of crude oil in 2013; in addition, 137,400 tonnes of other hydrocarbons were refined.

As part of the process of modernizing refining capacity at NIS, a mild A cracking technique used in refining of crude oil fractions with a high boiling point, fuel oils or tar oil to make gasoline, diesel fuel and jet fuel, lubricant oils etc.hydrocracking and diesel hydrotreatment (MHC/DHT) complex, a hydrogen production unit, and a sulphuric acid regeneration unit were commissioned at the Pančevo refinery in November 2012. Construction of this complex has enabled changeover of production to Euro-5 highoctane petrol and diesel fuels, as well as increasing the proportion of middle distillates in the product range.

Despite the fact that the Novi Sad Refinery is currently under reconstruction, the Panchevo plant’s capacity has enabled the NIS facility not only to cover all local demand within the Serbian market, but also to export fuels to Balkan countries. NIS exports motor fuels, benzene, toluene, and road and polymer-modified bitumen to Germany, Belgium, Italy, Croatia, Bulgaria, Romania, Macedonia, Bosnia-Herzegovina and Ukraine.

  • Euro Premium motor gasoline
  • B-7 biodiesel; Euro diesel that meets Euro 5 standards
  • Aviation jet fuel
  • Automotive liquefied gas
  • Diesel fuel with 0.1% sulphur content (government standard for military and agricultural equipment)
  • Furnace fuel
  • Lubricants
  • Road bitumen
  • Polymer-modified bitumen

Having completed the business stabilisation process, we are confident in our readiness to begin implementing the Company’s development strategy.

In many respects, NIS is already the No. 1 company in the region, but we do still need to scale up. The shareholders have set us the task of transforming NIS, a national oil and gas company, into a fully-fledged international vertically integrated energy holding, active across all business sectors. The NIS’s 2020 development strategy envisages increasing the company’s annual production to at least five million tonnes of oil and gas per year (in oil equivalent), refining – to five million tonnes of oil, and sales – to five million tonnes of petroleum products. In other words, we need to ensure we have the greatest resource base possible.

Kirill Kravchenko

CEO, NIS a.d. Novy Sad

Source: Company data