BELGRADE (Serbia), March 3 (SeeNews) – Serbia's Vojvodina province said it has issued a building permit to local oil company NIS for the implementation of a 8.8 million euro ($12 million) project at its Pancevo refinery.
The permit allows NIS to build and upgrade loading/unloading facilities and installations at the Danube river port of the refinery, Vojvodina’s government said on its website earlier this week.
The river port, which is connected with the refinery via a pipeline, is used for the processing of incoming deliveries of crude oil and the shipment of oil products, the statement said.
The project is part of an ongoing upgrade of the Pancevo refinery's technological process and infrastructure that started in June 2010. It will improve the level of automation, reliability and safety of the operations for the loading/uploading crude oil and oil products and will cut greenhouse gas emissions.
NIS (www.nis.rs) is majority owned by Russia’s Gazprom Neft.
($=0.7209 euro)