U.S. company welcomes refinery land lease

U.S. company Comico Oil has welcomed the progress in the refinery building project, after the Smederevo town assembly decided to allow it to lease land.

Izvor: Tanjug

Thursday, 15.03.2012.

14:17

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U.S. company Comico Oil has welcomed the progress in the refinery building project, after the Smederevo town assembly decided to allow it to lease land. Comico Overseas board member Brian Murray "congratulated the Smederevo local authorities" on this decision, and announced that the company "will soon sign a contract with the town and pay the lease". U.S. company welcomes refinery land lease "Now we need to put together a lot of paperwork in order to get the necessary construction permits. We are sure everything will be done in a short timeframe," concludes the statement signed by Murrey. The assembly of the town, located downstream from Belgrade on the Danube River, adopted on Tuesday an altered lease agreement for a plot of land in the industrial zone, which had been the cause of dispute between the local government and opposition for three and a half years. The 113-hectare plot will be leased to Comico Oil for a period of 99 years for RSD 652mn (some EUR 5.8mn) with additional benefits, for the purpose of building a refinery for the processing of crude oil and production of oil derivatives. Tanjug

U.S. company welcomes refinery land lease

"Now we need to put together a lot of paperwork in order to get the necessary construction permits. We are sure everything will be done in a short timeframe," concludes the statement signed by Murrey.

The assembly of the town, located downstream from Belgrade on the Danube River, adopted on Tuesday an altered lease agreement for a plot of land in the industrial zone, which had been the cause of dispute between the local government and opposition for three and a half years.

The 113-hectare plot will be leased to Comico Oil for a period of 99 years for RSD 652mn (some EUR 5.8mn) with additional benefits, for the purpose of building a refinery for the processing of crude oil and production of oil derivatives.

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