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Gazprom Neft subsidiary NIS Invests in Modernising Production

Gasoil News - Published on Tue, 21 Jan 2020

Image Source: Gazprom Neft NIS
Gazprom Neft subsidiary Naftna industrija Srbije is to modernise the cat-cracking facility at its Pancevo refinery, with the company concluding an agreement with international company Lummus Technology, part of the McDermott Group, on front-end engineering on modernising the facility. NIS’ investment in the project will be more than EUR72 million, with works expected to be completed by 2024. Modernising the cat-cracking facility forms part of the Pancevo Refinery development programme being undertaken by the company since 2009.

This project will also include construction of a production facility for high-performance gasoline components. As well as improving the business’ operational efficiency, this modernisation project will also further reduce its environmental impact. The Pancevo Refinery is, today, one of the most modern refineries in this part of Europe, with a maximum annual refining capacity of 4.8 million tonnes. Thanks to the various programmes under its modernisation programme the plant will deliver a refining depth (conversion factor) of 99.2 percent, and completely abandon fuel-oil (mazut) production.

NIS has previous experience of successful cooperation with Lummus Technology, with specialists at both companies having worked together on a key project in the first phase of the Pancevo Refinery’s modernisation — a light hydrocracking and hydrotreatment complex. Construction of a deep oil refining facility, also designed under license from Lummus Technology, is now in its final stage.

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Posted By : Yogender Pancholi on Tue, 21 Jan 2020
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