The NIS Board of Directors have adopted the Business Plan for 2020, which confirms the continuation of the implementation of the ambitious investment program. Thus, in the next year in the further development of NIS in all business segments will be invested 37.5 billion dinars, and the majority of investments will be realized in exploration and production of oil and gas, further development of processing capacities and modernization of the retail network.
Priority in the field of exploration and production in the coming year will be the further realization of drilling programs and geological exploration works on profitable projects in Serbia and foreign concessions, as well as the continuation of the trend of increasing the company’s reserves.
As for processing, in 2020 a deep processing plant with delayed coking technology will be put into operation at the Pancevo Oil Refinery, after which NIS will receive larger quantities of the highest quality derivatives, and production of a new product – coke, will begin. The main direction of investment in the segment of oil products turnover will be the continuation of the modernization of the retail network in Serbia and the region. Also, NIS’s priority in this area is the development of new product sales, coke, further development of premium fuel trade, as well as an additional range.
In the field of energy, the construction and commissioning of the Pancevo Thermal Power Plant (TPP) will be finalized in 2020 and implemented by NIS in cooperation with Gasprom Energoholding. This project is extremely important for NIS because the new power plant will produce heat and electricity primarily for the needs of the Pancevo Oil Refinery, while part of the generated electricity will be directed to the Serbian energy system. In the coming year, NIS will continue its digitalization process at all levels of the company and invest in a portfolio of digital projects, which is expected to have long-term effects on the EBITDA indicator.
Also, NIS’s focus will be on further improvements in the area of ​​occupational safety and environmental protection to further bring the company closer to its goal in this area – work processes without injuries and negative environmental impacts.
