NIS realizes profit of RSD 3.7 billion in first quarter of 2018

In the first quarter of the current year, Naftna Industrija Srbije (NIS) realized a net profit of RSD 3.7 billion, the company announced on Friday, April 27, 2018.

As said, RSD 7.8 billion was invested in development, which is 68% more than in the same period last year.

The majority of the funds were invested in the fields of research and production of oil and gas, and over EUR 300 million was set aside for the construction of the facility for deep processing and modernization of the Pancevo oil refinery.

In the first quarter, NIS paid RSD 43.2 billion in taxes, which, as said, is nearly eight billion more compared to the first quarter of 2017.

Kirill Tyurdenev, CEO of NIS, said that, in line with the development strategy until 2025, NIS would “focus on the realization of strategic investments”.

– Our priority remains the implementation of innovative solutions and equipment producing a positive business effect and contributing to the protection of people’s health and the environment – Tyurdenev said.

He added that “at the same time, we will work on improving operating efficiency and digitalization of business”.

NIS a.d. Novi Sad

NIS a.d. Petrol Rafinerija nafte Pančevo

Naftna Industrija Srbije

NIS

Pancevo oil refinery

Naftna Industrija Srbije profit

Naftna Industrija Srbije income

oil explorations

gas explorations

production of oil

production of gas

deep processing facility

modernization of Pancevo oil refinery

Kirill Tyurdenev

Gazpromneft