Modernization of Oil refinery Pancevo - Siemens and Petroleum Industry of Serbia concluded agreement worth 5.47 million euros

Siemens and the Petroleum Industry of Serbia (NIS) have concluded an agreement on the modernization of the pier for oil and oil derivatives of the Oil refinery Pancevo, and the value of the agreement is 5.47 million euros.

Siemens will install the state-of-the-arts control system for the transport of oil and oil derivatives between the pier and Oil refinery Pancevo, which is owned by NIS. The modernization works will last for a year and half.

- That is the first time for Siemens to conclude an agreement for such type of the project solution with Gazpromneft - reads the statement of Siemens Croatia.

Siemens Croatia will be supervising the whole job and the putting of units in operation.

The oil refinery in Pancevo is a plant owned by NIS, of which majority owner is Russian Gazpromneft.