The leader in the Balkans
Capacity at NIS’ main refining facility — the Pančevo Refinery —allows it not only to meet all local demand in full, but also to export fuel to countries throughout the Balkans region. Refining volumes at the Pančevo Refinery reached 3.8 million tonnes in 2018.
As a result of the first stage of major modernisation at the plant, initiated in 2009 following Gazprom Neft’s acquisition of the controlling interest in NIS, the Pančevo Refinery has achieved a refining depth of 88 percent and a light product yield of 76.4 percent — among the best in the region.
Modernising production
The main project in the first stage of modernising production was the construction of a mild hydrocracking and distillate hydrotreating complex (MHC/DHT): following its commissioning in 2012 the Pančevo Refinery was able to switch to producing Euro-5 fuels. Production of motor fuels reached 1.6 million tonnes of diesel in 2018, and 400,000 tonnes of gasoline.
Most investment under the second phase of modernisation, started in 2017, has been in constructing a deep refining complex, based around delayed coking technologies. As a result of implementing this project refining depth at the Pančevo Refinery now stands at more than 99 percent, with diesel production up 38 percent. In addition to which, the company is now producing a new product, of considerable value to Serbia — coke, hitherto only available by import.
Environmental initiatives
The construction of new modern facilities at the Pancevo Refinery, together with renovation of plant infrastructure, has made it possible to minimise harmful emissions such as benzene, sulphur oxide and nitric oxide, thereby falling within the stringent environmental standards of the European Union.
The plant was the first energy company in Serbia to receive an international certificate of accreditation under the European Commission’s Integrated Pollution Prevention and Control (IPPC) Directive, confirming its production process’s compliance with European environmental standards.
Financial highlights:
(2018 data)
