European union representative for energy sector visits Pancevo oil rafinery

October 4, 2012

Representatives of the European Union responsible for energy sector visited Pancevo Oil Refinery. On that occasion, NIS CEO, Kirill Kravchenko introduced Mr. Fabrizio Barbaso, Deputy Director General for Energy at the European Commission with the final phase of works on the modernization of the refining complex. During the visit to the refinery, the delegation also visited the plant for mild hydrocracking and hydrotreating (MHC & DHT), which is the largest investment project in Serbia, worth over 400 million euros. After completion of the modernization of refinery complex at the end of this year, NIS will completely turn to the production of motor fuels according to Euro standards. In addition to the newly built refinery units, the guests had an opportunity to see the main control room, from which the entire refinery will be operated as soon as all connections have been implemented, as well as the most advanced transformer station in Serbia which is to ensure regular supply of electricity to the newly built and existing refinery facilities, and a hydrocarbon torch which by its height (141 m) and modern safety solutions will contribute to reducing of environmental pollution. As part of the visit, they had an opportunity to see the newly built storage for liquefied petroleum gas which can accommodate six thousand cubic meters of the fuel. This storage space provides all technical and technological capacites for the production of gas according to the European standards. Also, among the infrastructure projects that have been successfully implemented there is a new nitrogen station, which provides sufficient nitrogen for new installations as well as stable supply of other consumers in the refinery, while recently constructed measuring and regulating station for natural gas allows the use of 80,000 cubic meters of gas per hour as feedstock for the refining process. In Pancevo Oil Refinery, currently the works on the 28 infrastructre facilities and more than 300 process facilities are in the final phase, which will ensure efficient operation of the refinery units, significantly increase the efficiency of the technological process and the simultaneously raise the level of environmental protection.