PetrolWorld mentioned that NIS will be spending approximately E110 million in the petroleum downstream sector in 2008.
NIS will also spend E8.8 million for upgrading existing fuel stations and invest E11 million in ecological projects, according to the news source.
Additionally, NIS Petrol will construct 22 petrol stations and continue the repair and upgrade work of the existing units over the course of the next two years. The firm will also be investing E62.5 million to build a new refinery and spend E35 million on ecological projects at its Novi Sad and Pancevo refineries, reported PetrolWorld.
