"Russian investments help Serbia cope with crisis"

Serbian President Tomislav Nikolić met on Wednesday with director of Oil Industry of Serbia (NIS), Kirill Kravchenko.

Izvor: Tanjug

Wednesday, 12.12.2012.

19:03

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BELGRADE Serbian President Tomislav Nikolic met on Wednesday with director of Oil Industry of Serbia (NIS), Kirill Kravchenko. The president said that Russian investments were "a valuable help in overcoming the economic crisis in Serbia". "Russian investments help Serbia cope with crisis" The government is committed to fulfilling all contracts with foreign investors, the president's press service stated. Kravchenko presented NIS's business results and development strategy towards 2030. The results are stable and on the same level as last year, he noted, adding that the plan until 20014 involved raising investments by over 33 percent compared to 2012. The regional development plan for research and production states that NIS should maintain its top spot in the Serbian economy and remain the most efficient energy company in the Balkans and Southeastern Europe. NIS is one of the largest companies in Southeastern Europe and has more than 9,000 employees. Its researches, processes and produces gasoline, gas and sells gasoline products. NIS owns two refineries, in Novi Sad and Pancevo, that can process 7.3 million tonnes of crude oil a year. The company's retail network comprises 350 gas stations and a network of storage facilities. NIS was Serbia's state-owned oil monopoly until it was sold to Russia's Gazprom in early 2010. (Beta) Tanjug

"Russian investments help Serbia cope with crisis"

The government is committed to fulfilling all contracts with foreign investors, the president's press service stated.

Kravchenko presented NIS's business results and development strategy towards 2030.

The results are stable and on the same level as last year, he noted, adding that the plan until 20014 involved raising investments by over 33 percent compared to 2012.

The regional development plan for research and production states that NIS should maintain its top spot in the Serbian economy and remain the most efficient energy company in the Balkans and Southeastern Europe.

NIS is one of the largest companies in Southeastern Europe and has more than 9,000 employees. Its researches, processes and produces gasoline, gas and sells gasoline products.

NIS owns two refineries, in Novi Sad and Pančevo, that can process 7.3 million tonnes of crude oil a year. The company's retail network comprises 350 gas stations and a network of storage facilities.

NIS was Serbia's state-owned oil monopoly until it was sold to Russia's Gazprom in early 2010.

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