Online Newsletter
Sign up for our newsletter to receive the latest news and information from publics.bg



News

World news Bookmark and Share

02.09.2013 16:06
Gazprom, Conpet Build New Pipeline from Serbian NIS Oil Refinery to Romania
The joint venture will build a 320 km-long new pipeline linking the Pancevo refinery of NIS with the existing pipeline from Constanta to Pitesti in Romania
AUTHOR: publics.bg


  • © Gazprom

Russia’s state-owned oil and gas major Gazprom plans to construct an oil pipeline linking Romanian Black Sea port of Konstanta to a refinery near Pancevo, Serbia, controlled by Gazprom majority-owned Naftna Industrija Srbije (NIS). Gazprom will work on the pipeline together with Romanian state-owned oil and oil derivatives system operator Conpet.
 
“This year we had more meetings on this issue, the last time we met with people from Gazprom in July”, Liviu ILAS, general manager of Conpet said, as quoted by Romanian business daily Ziarul Financiar. A feasibility study is expected to kick off soon.
 
According to Mr. Ilas, the project is “basically an extension of the existing pipeline from Constanta to Pitesti, with a new 320 km pipe reaching NIS refinery in Pancevo, Serbia. 280 km of the newly constructed pipeline would be in Romania. The value of the investment will most likely exceed EUR 200 million, Mr. Ilas said.

TAGS: Gazprom | Conpet | NIS | Naftna Industrija Srbije | refinery | Pancevo | Serbia | Constanta | oil | pipeline | construction 


All world news

No published comments
Login to comment


Poll

Which of the following kinds of transportation are you going to use for reaching the final destination during your summer vacation in 2014?











Interview

25.07.2014  Regulators Must Be Independent and Accountable
Mr. Alparslan Bayraktar, Chairman of ERRA
Full text