A deep conversion complex to be made at Gazprom’s Pancvo Refinery in Serbia
Gazprom Neft has started the construction of a new deep conversion complex (DCC) with delayed coking technology through Naftna Industrija Srbije (NIS), who is 56-percent owned by the company.
The new complex will be situated at Pancevo Refinery and will have a capacity of 2000 tonnes per day, allowing conversion rate to reach 99,2%. Additionally, the refinery’s production of high-quality diesel duel is forecast to increase by more than 38%.
The project is a substantial part of the second phase of Gazprom Neft’s major programme to modernize the refining capacity at NIS. The total investment for this projects amounts to over EUR 300 million, making it the current largest investment project in Serbia. It is expected to be completed somewhere in 2019.
Within the project NIS will commence production of petroleum coke (pet coke) which is currently not produced in Serbia. Once the complex becomes operational, the refinery will cease the production of high-sulphur fuel oil (mazut), which will result in improved environmental performance and will enable Serbia to meet its international obligations in limiting the use of high-sulphur fuels.
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