Gazprom's Serbian unit and US company to modernize refinery
Sep 18, 2009 02:00 AM
Serbian oil monopoly NIS, controlled by Russia's Gazprom, and a US company signed a EUR 400 mm deal to modernize an
oil refinery to make cleaner fuels.
The investment was one of the conditions of Gazprom's takeover of NIS.
NIS and partner CB&I Lummus will modernize the refinery to greatly increase production of unleaded and cleaner diesel fuels by 2012, the report said.
