Serbian Company Invests in Biofuel Project
September 4, 2013News article: http://www.biofuels-news.com/industry_news.php?item_id=6700
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In Serbia, the oil and gas company NIS, a subsidiary of Gazprom Neft, has invested 874,165 euros into a biodiesel production project.
The said investment is part of the initiatives of NIS oil refinery in the town of Pancevo. The company anticipates biodiesel production to start within the next two months as it looks forward to exporting biofuel to the European Union.
NIS is one of the largest oil companies in Southeastern Europe that deals with oil and gas exploration, production and processing of petroleum products as well as refined products marketing.
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