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NIS’ Board of Directors has approved an investment programme for 2015 of around 40 billion dinars, which was the scope of capital investments in 2014.
NIS’ Board of Directors has approved an investment programme for 2015 of around 40 billion dinarsThe key goal of the Company in the field of hydrocarbon exploration and production will be to build up the reserves through more efficient geological research, better understanding of the geological model of the Pannonian Basin and estimating the potential of discovered structures. As regards hydrocarbon production operations, the Company will concentrate on reducing operating expenses, continuing with the process automation project and introducing new technologies. In 2015, NIS will start the implementation of phase two of refining facilities modernisation, namely the construction of a bottom of the barrel facility in the Pančevo Refinery. Also, the existing facilities will continue with the introduction of energy saving technologies as well as the technologies which optimise production and reduce non-recoverable losses. NIS' sales and distribution development will mainly be focused on improving the efficiency of sales networks in Serbia and abroad, enlarging premium sales and exports, modernising the warehouses and cutting logistics costs. The Company will continue with the upgrade of the quality management system in retail facilities and the introduction of a complex marketing policy.