NIS to invest EUR 45 million in Bosnia-Herzegovina by year's end

Bosnia-Herzegovina is one of the priority markets for the Petroleum Industry of Serbia (NIS) when it comes to the company development to which the proximity of Pancevo Oil Refinery will additionally contribute, Aleksandar Malanyin, director of the Promet division at NIS, said Tuesday (23 July 2013).

NIS plans to invest about EUR 45 million (KM 90 million) in Bosnia-Herzegovina by the year's end, Fena news agency cited company representatives as saying to journalists from Bosnia-Herzegovina who have been on a visit to NIS and Pancevo Oil Refinery over the last two days.

Malanyin pointed out that aside from existing 22 gas stations under the Gazprom brand in Bosnia-Herzegovina, NIS would open additional 6 petrol stations in that country and increase the number of its Gazprom gas stations in Serbia to 17, in Romania to 50, and in Bulgaria to 40 by the year's end.